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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 T$787m ($24.9m). Foxtron has until now been responsible mainly for research, development and design of elect ...