Yulon focuses on Foxtron and Mitsubishi EV production for the second half
Taiwanese carmaker Yulon expects new electric-vehicle production and exports to drive growth in the second half, a positive signal for the company and its partner Foxtron.
- Yulon has finished setting up mass production for Foxtron's new EV and will focus on delivering the Cavira model.
- Orders at Foxtron are running better than expected, so this year's output should be well above last year's.
- Mitsubishi EVs built for Australia and New Zealand are due to launch in the fourth quarter, adding export demand.
- Operating profit rose 9% in the first half despite tougher competition and drag from investments, helped by cost and efficiency work.
- The company's Xindian mall property brings in steady rent, with sales there targeted to grow 8% this year.
Outlook: Deliveries of the new EVs and the start of exports should lift Yulon's revenue late this year, though the final numbers depend on how many orders actually come in.