Formosa Automobile Corporation

It was founded on October 20, 1996, by Mr. Lee Tzung-Chang of the Taiwanese Formosa Plastics Group.

Formosa Automobile Corporation started after buying a factory from Sanfu Motor Co., Ltd. Its initial plan was to produce LPG and petroleum vehicles and to increase production and management experiences in vehicle production.

In 2005, Formosa Automobile Corporation acquired the procuration rights of the Czech Republic Skoda brand of VAG and introduced the Fabia, Octavia, Superb, and Roomster passenger cars.

Due to the high prices of Skoda cars, Formosa Automobile Corporation abstained from the procuration rights of the Skoda brand in 2007, with the aftermarket maintenance transferred to the Formosa Automobile commercial subsidiary.

These challenges led to ongoing fluctuations in financial performance and operational sustainability.