NEW PROSPECTS: The automaker is hoping that new orders would help mitigate the impact of disappointing sales in the first half, when shipments dropped by 11,000 units
Taipei Times
Date: Sep 28, 2019
By: Kwan Shin-han / Staff reporter
Yulon Motor Co (裕隆汽車), which makes automobiles under the Luxgen brand, yesterday said it is to sign a contract with French electric-vehicle designer Pariss Electric next month, and is to begin manufacturing and shipping Muse electric vehicles in the second half of next year.
Yulon declined to elaborate on the scale of orders, but said it is expected to be larger than orders from Italy’s Adiva, for which it has been manufacturing motorcycles since June.
With Europe adopting stricter laws on fossil-fuel vehicles and e-commerce boosting logistics services, demand for electric vehicles is expected to grow, Yulon Motor said.
Orders from other companies would help mitigate the impact of falling sales and profits in the first half of the year, it said. [FULL STORY]