TAIPEI (Taiwan News) — The Yulon Group said on Wednesday (May 24) that in late 2023, it would start mass producing the electric Luxgen n7, which was developed with Foxconn Technology. 

The two Taiwanese groups launched a joint venture, Foxtron, to develop electric vehicles (EVs). Yulon, which also assembles Nissan and Mitsubishi cars, will sell the new model under its Luxgen brand.

During an online investors conference on Wednesday, Yulon said it had received 25,000 pre-orders for the EV. According to current plans, there would be no problems in manufacturing the required volume, CNA reported.

With each shift working for eight hours, 55,000 cars could roll off the assembly line per year, Yulon Motor Vice President Li Chien-hui (李建輝) told investors. If production is kept up for 16 hours a day, a maximum of 110,000 cars could be manufactured per year, he added.

The new Luxgen model is just one of many EVs developed by Foxconn Technology. The group manages a range of cooperation projects overseas, including plans with Fisker and Lordstown Motors in the United States, and with state oil company PTT in Thailand.