Foxconn to deepen EV role with Taiwan’s Luxgen brand acquisition – report
Yahoo Finance·2025-12-20 00:57

Foxconn’s vehicle design subsidiary is set to acquire full control of Taiwanese car marque Luxgen, reported Nikkei Asia. The move will give the contract electronics giant an in-house brand as it expands further into electric vehicles in its domestic market. Foxtron Vehicle Technologies, a joint venture created by Foxconn and automaker Yulon in 2020, has agreed to buy 100% of the Luxgen brand for T787m(787m (24.9m). Foxtron has until now been responsible mainly for research, development and design of elect ...