Taiwan’s Luxgen Motor Company, a subsidiary of local carmaker Yulon Motor, last week launched sales of a new electric vehicle (EV) based on Hon Hai Precision Company’s MIH open platform.
Hon Hai, widely known as Apple’s leading contract manufacturer Foxconn, established a joint venture with Yulon Motor at the end of 2020 called Foxtronn Vehicle Technologies Company dedicated to developing EVs based on the MIH platform.
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Luxgen said it had received 5,000 orders for the new battery powered SUV, badged n7 and based on the C-model, the first developed by Foxtron. The new model is priced at NTD1m (US$32,500), with an additional NTD1,000 charged to customers wishing to join a prioity list and jump the queue. Deliveries of the n7 are scheduled to begin in the second half of next year.
Hon Hai wants to become a significant player in the global EV market and related supply chain with its MIH platform. It has a number of projects and clients around the world, including a plant in the US formerly owned by Lordstown Motors Corporation and a commercial vehicle joint venture in Thailand.
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By GlobalData
