BULLISH ON CHINA: The group, which also sells CMC and Mitsubishi vehicles, said it expects to expand its financing business in China, which saw 82% growth last year
Taipei Times
Date: Mar 03, 2018
By: Kuo Chia-erh / Staff reporter
Yulon Group (裕隆集團) is aiming to launch two electric cars this year under its Luxgen
Yulon Group chief operating officer Chen Kuo-rong, third right, and others pose for a picture during the company’s media spring party at the Yulon headquarters in New Taipei City yesterday. Photo: CNA
Motor Co (納智捷) brand, a company executive said yesterday.
“We believe the two new Luxgen models would be a breath of fresh air [in the local car market],” group chief operating officer Chen Kuo-rong (陳國榮) told a news conference at Yulon headquarters in New Taipei City.
To conquer a share of the emerging electric-car market, Yulon is to set up a new subsidiary responsible for its new-energy vehicle business in Hangzhou, China, by the end of the year, the group said.
This year also marks the group’s first year of its “510” plan for Luxgen, under which it aims to introduce 10 new Luxgen models over the next five years, Chen said.
[FULL STORY]
