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Hotai Motor Co., Ltd.

Taiwan · TWSE: 2207.TW · Market cap: $8.82B · P/E: 12.8 · P/S: 1

Hotai Motor sells and services Toyota, Lexus, and Hino vehicles and parts in Taiwan and China.

Hotai Motor is the company that puts Toyotas on Taiwan's roads. It is the longtime distributor of Toyota and Lexus cars in Taiwan, and it also handles Hino trucks and buses. When a Taiwanese family buys a Camry, or a business buys a delivery truck, there is a good chance Hotai is the company behind the sale.

Hotai Motor Co., Ltd. (2207.TW) Toyota vehicle distribution in Taiwan: line art illustration of A Toyota Corolla sedan with the Toyota oval emblem on its grille
Toyota Corolla
Hotai Motor is the main distributor of Toyota cars in Taiwan.

The business is more than just selling cars. Hotai runs the dealership network, provides maintenance and repairs, and sells spare parts. It also offers car loans and insurance through financing arms. This mix matters because new-car sales rise and fall with the economy, but service, parts, and financing bring in steadier money year after year. Cars need oil changes and repairs whether the economy is booming or slow. Beyond Taiwan, Hotai has a big presence in mainland China, where it operates Toyota and Lexus dealerships and related services. That gives the company exposure to the world's largest car market, though it also means Hotai feels the effects of China's economic swings and its fierce price war among automakers. Back home, Hotai's grip on Toyota distribution gives it a strong moat: Toyota is one of Taiwan's best-selling brands, and Hotai's scale in service centers and parts makes it hard for rivals to match.


Hotai is a case study in the quiet power of distribution and after-sales service. Selling the car is the easy part; keeping it on the road for a decade is where the steady money lives. The company's fortunes are tied to Toyota's brand strength and to how many cars it can keep servicing, not just how many it can sell in a good year.

Saved answer · last researched 12 Nov 2026