Taiwan's Foxtron launches Bria EV model, eyes overseas markets
· CNA · JoinRead a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST Tap here to return to FAST
FAST
TAIPEI, Dec 25 : Taiwan's Foxtron Vehicle Technologies, a joint venture between Foxconn and Yulon Motor, launched an electric vehicle model called Bria on Thursday.
Versions of the model will initially be sold at three prices, ranging from around $28,600 to $36,540, Foxtron said, adding that Bria is the first EV model to be made in Taiwan for export globally.
Last week, Foxtron said it would acquire Yulon Motor's Luxgen passenger-car brand for T$787.6 million ($24.95 million), and that it would launch its Model B EV in Taiwan under the Bria brand.
Under the deal, Foxtron acquires 100 per cent of Luxgen, including its five sales subsidiaries, sales outlets and employees, Foxtron said in a statement.
Subscribe to our Chief Editor’s Week in Review
Our chief editor shares analysis and picks of the week's biggest news every Saturday.
This service is not intended for persons residing in the E.U. By clicking subscribe, I agree to receive news updates and promotional material from Mediacorp and Mediacorp’s partners.
Loading
Following the transaction, Foxtron will take operational control, aiming to build a more comprehensive EV value chain in Taiwan, spanning product development, sales and after-sales services.
Foxconn, the world's largest contract manufacturer for iPhones, owns 45.6 per cent of Foxtron and Taiwanese automaker Yulon owns 43.8 per cent.
Foxtron operates a contract design and manufacturing services business model, under which it makes EVs for car brands.
(Reporting by Wen-Yee Lee in Taipei and Eduardo Baptista in Beijing; Editing by William Mallard)
Newsletter
Week in Review
Subscribe to our Chief Editor’s Week in Review
Our chief editor shares analysis and picks of the week's biggest news every Saturday.
Sign up for our newsletters
Get our pick of top stories and thought-provoking articles in your inbox
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app