Yulon Motor Co (裕隆汽車), which makes automobiles under the Luxgen brand, yesterday said it is to sign a contract with French electric-vehicle designer Pariss Electric next month, and is to begin manufacturing and shipping Muse electric vehicles in the second half of next year.
Yulon declined to elaborate on the scale of orders, but said it is expected to be larger than orders from Italy’s Adiva, for which it has been manufacturing motorcycles since June.
With Europe adopting stricter laws on fossil-fuel vehicles and e-commerce boosting logistics services, demand for electric vehicles is expected to grow, Yulon Motor said.
Orders from other companies would help mitigate the impact of falling sales and profits in the first half of the year, it said.
Yulon remained conservative about its profit outlook for this year, after vehicle sales shrank by 11,000 units in the first half, spokesman Steven Lo (羅文邑) told an investors’ meeting in Taipei.
The company will continue to evaluate its assets, including vehicle models and molds based on future vehicle sales and book asset impairment, if necessary, Lo said.
The company has sought to broaden its customer base and digest excess capacity, he said.
“Our strength is that we are rich in research experience and can provide total solutions for customers who lack production facilities,” Lo said.
Yulon plans to reduce manufacturing and operating costs by sharing research and production resources with partners, Lo said, adding that the company would slow the design of new vehicles.
The company on Wednesday introduced its new imported Leaf electric vehicles and Altima sedans, and is to release next quarter its Luxgen URX sport utility vehicle, it said.
Vehicles sales in the first eight months of the year dropped 9.7 percent annually to 58,475 units, with Luxgen falling 60.09 percent to 3,059 units, company data showed.
The group’s market share fell 1.1 percent year-on-year to 20.5 percent among domestic vehicles, while its share of the imported vehicle market edged down 0.1 percent to 1.1 percent, the data showed.
As for Yulon Towns (裕隆城), its residential-commercial complex in New Taipei City’s Sindian District (新店), it has finished constriction of diaphragm walls and piles, and is building the ground floor, the company said.
The company is still reviewing the total number of homes for the complex, as competition in the real-estate market sharpens.
It has not started construction on the residential zone yet, the company said.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) last week recorded an increase in the number of shareholders to the highest in almost eight months, despite its share price falling 3.38 percent from the previous week, Taiwan Stock Exchange data released on Saturday showed. As of Friday, TSMC had 1.88 million shareholders, the most since the week of April 25 and an increase of 31,870 from the previous week, the data showed. The number of shareholders jumped despite a drop of NT$50 (US$1.59), or 3.38 percent, in TSMC’s share price from a week earlier to NT$1,430, as investors took profits from their earlier gains
In a high-security Shenzhen laboratory, Chinese scientists have built what Washington has spent years trying to prevent: a prototype of a machine capable of producing the cutting-edge semiconductor chips that power artificial intelligence (AI), smartphones and weapons central to Western military dominance, Reuters has learned. Completed early this year and undergoing testing, the prototype fills nearly an entire factory floor. It was built by a team of former engineers from Dutch semiconductor giant ASML who reverse-engineered the company’s extreme ultraviolet lithography (EUV) machines, according to two people with knowledge of the project. EUV machines sit at the heart of a technological Cold
Taiwan’s long-term economic competitiveness will hinge not only on national champions like Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) but also on the widespread adoption of artificial intelligence (AI) and other emerging technologies, a US-based scholar has said. At a lecture in Taipei on Tuesday, Jeffrey Ding, assistant professor of political science at the George Washington University and author of "Technology and the Rise of Great Powers," argued that historical experience shows that general-purpose technologies (GPTs) — such as electricity, computers and now AI — shape long-term economic advantages through their diffusion across the broader economy. "What really matters is not who pioneers
TAIWAN VALUE CHAIN: Foxtron is to fully own Luxgen following the transaction and it plans to launch a new electric model, the Foxtron Bria, in Taiwan next year Yulon Motor Co (裕隆汽車) yesterday said that its board of directors approved the disposal of its electric vehicle (EV) unit, Luxgen Motor Co (納智捷汽車), to Foxtron Vehicle Technologies Co (鴻華先進) for NT$787.6 million (US$24.98 million). Foxtron, a half-half joint venture between Yulon affiliate Hua-Chuang Automobile Information Technical Center Co (華創車電) and Hon Hai Precision Industry Co (鴻海精密), expects to wrap up the deal in the first quarter of next year. Foxtron would fully own Luxgen following the transaction, including five car distributing companies, outlets and all employees. The deal is subject to the approval of the Fair Trade Commission, Foxtron said. “Foxtron will be
RSS