Smartphone Maker Foxconn Unveils EV For Taiwan Brand Yulon

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An electric SUV that will be constructed for a Taiwanese manufacturer under a similar contract model was presented on October 18 by the company that assembles cellphones for Apple Inc. and other major global brands. According to Foxconn Technology Group, Yulon Motor will begin selling the SUV as the Luxgen n7 in the following year. The five-seat car was predicted to have a range of 700 kilometers (440 miles) on a single charge. There was no price given.

Hon Hai Precision Industry Co., another name for Foxconn, intends to manufacture electric vehicles for brands in China, the United States, Europe, and other markets. Clients can modify their characteristics and appearance, it stated. The project contributes to a crowded global market where practically all well-known automakers and numerous ambitious startups offer electrics. According to a statement from Terry Gou, the company's founder, "Hon Hai will undoubtedly change the EV industry."

The largest contract manufacturer of smartphones and other consumer electronics in the world is Foxconn, which has its headquarters in New Taipei City, Taiwan. Yulon, which was established in the 1940s, builds automobiles for Nissan Motor Co. and other automakers. Luxgen, the company's brand, was introduced in 2009. One of the five models suggested to potential consumers is the Luxgen n7. The business earlier disclosed plans for a car created with Italian design firm Pininfarina and an electric bus, the Model T. Foxconn also showcased a five-seat crossover, the Model B, and a five-seat double-cab pickup truck, the Model V.