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)