The Yulon Group is set for a high-stakes week, with a string of online investor briefings scheduled from November 19 to 20 by Yulon Motor, Nissan Taiwan, China Motor, Yulon Finance, and Kian-Shen. But industry attention is overwhelmingly focused on one issue: the widely circulated expectation that Foxtron Vehicle Technologies—a joint venture between Yulon and Foxconn—will acquire Yulon Motor's homegrown Luxgen brand.
Industry insiders say Foxtron plans to take full ownership of Luxgen, with final contract terms now being ironed out. The deal would then be submitted to Taiwan's Fair Trade Commission for review, with both sides aiming to complete the transaction by late 2025 or before the Lunar New Year. Questions about whether the Luxgen brand will survive, and how future product planning will unfold, would be determined entirely by Foxtron, these people said.
Asked about the rumored acquisition, Yulon Group offered only a brief comment: all information will be disclosed through formal announcements.
Industry analysts note that the shift to electrification has been arduous for automakers globally, and Yulon in recent years, has concentrated resources on helping Foxtron stem losses. Because Foxtron is jointly owned by Foxconn and Yulon, the two shareholders have had differing tolerance levels for red ink, but both are under pressure to accelerate a turnaround, seen as essential for strengthening Taiwan's electric-vehicle and mobility ecosystem.
Among Yulon Group's companies, China Motor has had the strongest momentum. The company recently announced it will launch a new domestically produced Mitsubishi model, the XForce—its first new Mitsubishi passenger car in Taiwan in nine years—set to debut at the Taipei Auto Show on December 30. General Manager Tseng Hsin-cheng said five new models, including the XForce, will be rolled out within the next two years, with at least one new launch annually.
Nissan Taiwan, meanwhile, reported October consolidated revenue of NT$2.7 billion (approx. US$86 million)—its highest since April 2025—up 4.69 percent from September but down 28.71 percent from a year earlier. Revenue for the first ten months of 2025 totaled NT$13 billion, a 36.75 percent year-on-year decline.
Industry executives say Nissan Taiwan has been grappling with both management restructuring and a gap in new-model introductions. Supply-chain sources say the Kicks, Sentra, and X-Trail will remain in production through 2029, with development of new locally assembled vehicles paused for now.
On the management front, Calvin Lee—formerly managing director of Sime Darby Kia Taiwan—recently joined Nissan Taiwan as deputy general manager. His mandate includes strengthening the Nissan and Infiniti brands, improving dealer integration, and advancing the electrified-vehicle strategy to restore steady growth.
More broadly, the Yulon Group remains in a period of structural adjustment, even as it continues to invest in next-generation technologies. With higher import tariffs weighing on foreign-brand pricing, analysts estimate Taiwan's auto market will hover around 400,000 units in 2025, prompting most automakers to take a cautious stance. For Yulon, however, the current moment is viewed as an essential window to reset and rebuild.
The Yulon Group's earnings briefings begin on November 19, led by Yulon Motor, China Motor, and Nissan Taiwan, followed by Yulon Finance and Kian-Shen on November 20.
Article edited by Jingyue Hsiao
