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.
UNPRECEDENTED PACE: Micron Technology has announced plans to expand manufacturing capabilities with the acquisition of a new chip plant in Miaoli Micron Technology Inc unveiled a newly acquired chip plant in Miaoli County yesterday, as the company expands capacity to meet growing demand for advanced DRAM chips, including high-bandwidth memory chips amid the artificial intelligence boom. The plant in Miaoli County’s Tongluo Township (銅鑼), which Micron acquired from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion, is expected to make a sizeable capacity contribution to the company from fiscal 2028, the company said in a statement. It would be an extended production site of Micron’s large-scale manufacturing hub in Taichung, the company said. As the global semiconductor industry is racing to reach US$1 trillion
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
Memory chip stocks extended their losses yesterday after Alphabet Inc’s Google publicized research that could allow more efficient use of the storage needed for artificial intelligence (AI) development. SK Hynix Inc and Samsung Electronics Co, South Korean leaders in the market, fell more than 6 percent and about 5 percent respectively in Seoul. In the US, Micron Technology Inc, Western Digital Corp and Sandisk Corp slid more than 2 percent in pre-market trading, after they all closed lower on Wednesday. Memory companies have been on a tear in recent months as the rapid development of AI infrastructure triggered a spike in chip