TAIPEI (Taiwan News) – Car sales in Taiwan have started to recover despite continuing uncertainty over US tariffs, the Yulon Group said Wednesday.

The company is involved in the manufacturing, assembly, and import of  Nissan, Mitsubishi, MG, Luxgen, and CMC vehicle brands in Taiwan. The group also produces EVs for Foxtron Vehicle Technologies, a joint venture with Foxconn Technology Group.

Yulon Vice President Lee Chien-hui (李建輝) said clarity was needed about car tariffs and commodity taxes in order to hasten the recovery of the sector, per CNA. New car registrations in Taiwan the year are likely to stay above 400,000 units, he said.

During the period from January to October, the number of car registrations fell 12% from the same period in 2024 to 331,000. The launch of US tariffs in May marked the decline, with a 4% recovery starting in October after Taiwan cut the commodity tax, Lee said. The sector is monitoring whether the positive effect of the tax cut could carry over into 2026, he added.

The Yulon executive said he had no news about media reports claiming Foxconn wanted to expand its influence over their Foxtron joint venture and change the name of Yulon’s Luxgen brand to Foxtron.

Foxtron designed the Luxgen n7 EV, which Yulon manufactures at its plant in Sanyi, Miaoli. Their next project is another EV, known at present as Model B. The car will be launched as the Luxgen n5, unless there is a name change for the brand and it becomes the Foxtron Bria, the Liberty Times reported.

Lee hinted that Foxconn might reveal more information about the issue at its Hon Hai Tech Day Nov. 21-22.