An electric sports utility vehicle (SUV) jointly developed by Hon Hai Precision (Foxconn) and Yulon Motor has seen strong market acceptance with over 10,000 consumers having placed pre-orders in two days, according to industry sources.
To secure priority delivery to pre-order customers, Foxtron Vehicle Technologies, a joint venture between Hon Hai and Yulon, has decided to close its first round of pre-ordering at 17:00 (Taiwan time) today ahead of schedule, with the second round to be announced later, the sources said. The first round was originally set to last till October 15.
Customers are required each to make a pre-order payment of only NT$1,000 (US$32.68). The electric SUV, dubbed Luxgen n7, is based on the Model C prototype electric SUV developed by Foxtron and the Foxconn-initiated MIH Consortium and unveiled at Hon Hai Tech Day (HHTD) on October 18, 2021. The first batch of shipments will not be delivered until the second half of 2023, the sources said.
Foxconn is scheduled to debut two new EV models at HHTD 22 on October 18 this year, demonstrating the company's ambition to gain ground in the EV market, the sources said. At HHTD 21, the company unveiled three EV prototypes including the Model E passenger car and the Model T, in addition to Model C SUV.
The sources said the success or failure of Luxgen n7 will determine the extent of future expansion and globalization of the MIH Consortium.