Foxtron Inc. or Foxtron Vehicle Technologies is a Taiwanese manufacturer of electric cars and buses based in Taipei, operating since 2020 as a joint venture between the technology company Foxconn and the car company Yulon.[4]
History
In February 2020, Taiwanese electronic components giant Foxconn and local car manufacturer Yulon agreed to establish a joint venture company. Previously, Foxconn had limited involvement in the automotive industry only as a component supplier or investor, and decided to actively enter it as a manufacturer. Yulon's automotive component development and manufacturing subsidiary Hua-Chuang Automobile Information Technical Center Company (HAITEC) would invest NT$7.632 billion and hold a 49% share, while Foxconn would invest NT$7.944 B for a 51% share. Yulon previously had announced a joint venture with Fiat Chrysler Automobiles on January 16, 2020.[5] The goal was to develop electric cars.[6]