[1] It started productions and sales of CR-V in January 2003 then expanded to include the Accord (November 2003), Civic (2006), and Fit (2008).
[3] Honda products for the Taiwanese market had been assembled and distributed by local motorcycle manufacturer Sanyang Industrial Co. for 41 years when the announcement was made.
[4][5] Honda moved to create its own subsidiary in order to "increase competitiveness" and to "reduce production costs.
"[6] The fact that Sanyang (under the SYM label) had become a successful motorcycle producer in its own right, often competing directly with Honda products, may also have had something to do with the decision.
[6] In 2001, their last full year with Sanyang as a distributor, Honda held only a 1.5% market share in Taiwan.