Taiwan's Yulon Motor to transfer Luxgen to Foxtron in strategic transaction
ReutersDec 19, 2025 10:20 AM
TAIPEI, Dec 19 (Reuters) - Yulon Motor will transfer carmaker Luxgen to Foxtron Vehicle Technologies 2258.TW, a Foxconn–Yulon electric vehicle joint venture, in a strategic transaction valued at T$787.6 million ($24.97 million), the companies said on Friday.
Foxtron is jointly owned by Yulon Motor, which holds 43.8%, and Foxconn 2317.TW, which owns 45.6%.
($1 = 31.5380 Taiwan dollars)
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