Luxgen Motor Co (納智捷), a subsidiary of Yulon Motor Co (裕隆汽車), on Thursday unveiled the pricing and delivery schedule for its N7 electric vehicle (EV) model, which starts at just below NT$1 million (US$31,149).
The base model for the N7 sport utility vehicle will be priced at NT$999,000, Luxgen Motor chairman and acting president Tso Chi-sen (左自生) said at a press event in Taipei.
Luxgen has received about 25,000 initial orders for the EV model since preorders started in September last year, the automaker said.
Photo: Amy Yang, Taipei Times
Based on the company’s Web site information, the mid and top-line tiers of the N7 are NT$1.29 million and NT$1.34 million respectively.
Of the 25,000 orders placed, an estimated 30 percent, or 7,000 vehicles, are expected to result in actual sales, Tso said.
Production of the N7 is planned for next month and December, with deliveries to start from mid-January next year, he said, adding that the goal is to top Taiwan’s EV sales next year.
In addition, Luxgen said it plans to work with seven local charging station operators —Yes Charging, Tail, Evoasis, U-Power, iCharging, Evalue and Noodoe — to provide easily accessible EV charging.
Sweeping policy changes under US Secretary of Health and Human Services Robert F. Kennedy Jr are having a chilling effect on vaccine makers as anti-vaccine rhetoric has turned into concrete changes in inoculation schedules and recommendations, investors and executives said. The administration of US President Donald Trump has in the past year upended vaccine recommendations, with the country last month ending its longstanding guidance that all children receive inoculations against flu, hepatitis A and other diseases. The unprecedented changes have led to diminished vaccine usage, hurt the investment case for some biotechs, and created a drag that would likely dent revenues and
Macronix International Co (旺宏), the world’s biggest NOR flash memory supplier, yesterday said it would spend NT$22 billion (US$699.1 million) on capacity expansion this year to increase its production of mid-to-low-density memory chips as the world’s major memorychip suppliers are phasing out the market. The company said its planned capital expenditures are about 11 times higher than the NT$1.8 billion it spent on new facilities and equipment last year. A majority of this year’s outlay would be allocated to step up capacity of multi-level cell (MLC) NAND flash memory chips, which are used in embedded multimedia cards (eMMC), a managed
CULPRITS: Factors that affected the slip included falling global crude oil prices, wait-and-see consumer attitudes due to US tariffs and a different Lunar New Year holiday schedule Taiwan’s retail sales ended a nine-year growth streak last year, slipping 0.2 percent from a year earlier as uncertainty over US tariff policies affected demand for durable goods, data released on Friday by the Ministry of Economic Affairs showed. Last year’s retail sales totaled NT$4.84 trillion (US$153.27 billion), down about NT$9.5 billion, or 0.2 percent, from 2024. Despite the decline, the figure was still the second-highest annual sales total on record. Ministry statistics department deputy head Chen Yu-fang (陳玉芳) said sales of cars, motorcycles and related products, which accounted for 17.4 percent of total retail rales last year, fell NT$68.1 billion, or
In the wake of strong global demand for AI applications, Taiwan’s export-oriented economy accelerated with the composite index of economic indicators flashing the first “red” light in December for one year, indicating the economy is in booming mode, the National Development Council (NDC) said yesterday. Moreover, the index of leading indicators, which gauges the potential state of the economy over the next six months, also moved higher in December amid growing optimism over the outlook, the NDC said. In December, the index of economic indicators rose one point from a month earlier to 38, at the lower end of the “red” light.
RSS