Yulon Motor to launch electric car using Foxtron designBy Lisa Wang / Staff reporterYulon Motor Co (裕隆) yesterday said that it plans to introduce a new own-brand electric vehicle in 2023, designed by Foxtron Vehicle Technologies Co (鴻華先進) on the MIH Open Platform backed by iPhone assembler Hon Hai Precision Industry Co (鴻海精密). Yulon Motor would become Foxtron’s first customer. Foxtron, a venture of Yulon Motors and Hon Hai, was set up with initial capital of NT$15.58 billion (US$560.63 million at the current exchange rate) in November last year. “In Taiwan, Luxgen will be the first to introduce electric vehicles designed by Foxtron. “All automakers are facing stiff pressure amid surges in raw material and transportation costs,” Yulon Nissan vice president Chung Wen-chuan (鐘文川) said.

Source: Taipei Times November 16, 2021 19:00 UTC