Taiwan's Yulon Motor to transfer Luxgen to Foxtron in strategic transaction

About this update from Foxconn Technology Co., Ltd.

Yulon Motor will transfer carmaker Luxgen to Foxtron Vehicle Technologies TWSE:2258, a Foxconn–Yulon electric vehicle joint venture, in a strategic transaction valued at T$787.6 million ($24.97 million), the companies said on Friday.Foxtron is jointly owned by Yulon Motor, which holds 43.8%, and Foxconn TWSE:2317, which owns 45.6%. ($1 = 31.5380 Taiwan dollars)

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