TAIPEI (Taiwan News) – Taiwan’s Yulon Group said new car models were evidence that it would continue with its local brand Luxgen, though no all-electric vehicles are planned within the next year.
Yulon, founded in Taiwan in 1953, is best known for producing Mitsubishi and Nissan cars in Taiwan.
At the Taipei International Auto Show which opened Saturday (Dec. 28), Luxgen presented its latest concept car, the MBU, which it described as an SUV sports car, CNA reported. It was built on a new platform which would be used for other future models and would reduce cost.
A recently launched model, also an SUV, named URX, was featured at the show and provides evidence the company intends to continue producing domestically designed cars, said Luxgen Motor Co., Ltd. President Tsai Wen-jung (蔡文榮).
He added he hoped to sell 500 of the cars each month, while another new model would be launched in 2021. Yulon started the company in 2009.
While electric vehicles such as the Tesla attracted strong attention at the Taipei International Auto Show, Tsai said there were no plans to introduce an all-electric Luxgen within the next year. Though he acknowledged it was a trend, he said there were several issues still to be confronted, such as the unpredictability of the market, pricing, energy autonomy and battery recharging, CNA reported.