Sanyang Motor Co., Ltd. () (stylized as SYM) is a Taiwanese motorcycle manufacturer headquartered in Hukou, Taiwan. Founded in Taipei, Taiwan in 1954 by Huang Chi-Chun and Chang Kuo An, SYM currently has three major production facilities in Taiwan, mainland China, and Vietnam. SYM manufactures and sells scooters, motorcycles and ATVs under the Sanyang Motor [SYM] brand, while it also manufactures automobiles and mini-trucks under the Hyundai brand. History In 1954 Sanyang Electrics was formed to manufacture dynamoelectric light sets for bicycles. It was restructured into Sanyang Industry Co. Ltd. and entered a technical agreement with Honda in 1961 to begin local assembly of motorcycles, the first motorcycle manufacturer in Taiwan (30% local content). In 1969 assembly of small Honda cars (N600, TN360) began. As Sanyang's own motorcycles entered direct competition with Honda's products worldwide, the relationship was terminated in January 2002 and Honda began building cars themselves as Honda Taiwan Co. Ltd. Sanyang instead signed a contract with Hyundai and currently assembles much of their lineup for the domestic Taiwanese market. Sanyang Industry was renamed as Sanyang Motor Co. Ltd. in January, 2015. The Company has its main office in the Hsinchu Industrial Park in Hsinchu County, Taiwan. It has a subsidiary in Xiamen city, China, named Xiamen Xiashing Motorcycle Co., Ltd., and another subsidiary in Bien Hoa, Dong Nai, Vietnam, named Vietnam Manufacturing & Export Processing Co., Ltd. (VMEP). Global operations Sanyang is a strategic partner of the Hyundai Motor Company since 2002. Its subsidiary company Nan Yang Industries Co., Ltd. operates as sole distributor for Hyundai and manufactures Hyundai automobiles and mini-trucks in Taiwan. Sanyang also has ties with international companies like International Truck, Bombardier Recreational Products and Mahindra & Mahindra Limited in India. In July 2005, Sanyang launched a new range of two-wheelers for sale in the European market. The range includes the GTS scooter (available with 125 cc, 200 cc and 250 cc engines), the MIO scooter (50 cc and 100 cc), and two ATV models: the Trackrunner leisure ATV (200 cc engine), and the 250 cc Quadlander off-roader. In January 2006, Sanyang signed an agreement with the Kinetic Motor Company of India for a purchase of 2,065,000 equity shares and technical collaboration, which will amount to Sanyang holding an 11.1% (approx.) stake of the enhanced capital of Kinetic Motor Company Limited. With Sanyang taking a minority stake, the management control will be retained with