TAIPEI (Taiwan News) — Yulon Motor Chair Yen Chen Li Lian (嚴陳莉蓮) confirmed Tuesday that the company will produce electric vehicles for Mitsubishi Motors targeting Australia and New Zealand, with exports slated to begin in 2026.

At Yulon’s annual shareholders meeting, Yen said the company is working with strategic partners to expand its EV contract manufacturing business, per CNA. The move reflects Yulon’s efforts to boost international competitiveness and shareholder returns amid ongoing industry headwinds.

Yulon Group posted NT$85.77 billion (US$2.86 billion) in consolidated revenue last year, with earnings per share at NT$3.78, per UDN. Yen said the company maintained stable performance last year despite a challenging environment.

On the EV front, Yulon will invest in its Luxgen brand, offering a full range of models and accessible charging to improve user experience, per TVBS. The company aims to grow its EV footprint through proprietary and contract manufacturing channels.

Yen noted that its Yes!Life Mall in New Taipei’s Xindian District brought in over NT$5.5 billion in revenue in 2023, its first full year of operations. The retail complex has become a key shopping destination and a profitable contributor to the group.

Sustainability also remains a focus, with Yulon pursuing green energy projects and outreach programs supporting underprivileged communities. Looking ahead, Chen said Yulon will stay focused on building resilience and seizing new opportunities to enhance shareholder value.