Foxtron Gears Up: Expanding EV Horizons in the US and Saudi Arabia

Taiwanese Automaker Foxtron Drives Global Expansion with US Partnership and Saudi Arabian Venture

TAIPEI – Foxtron Vehicle Technologies, a joint venture between Taiwan's Yulon Group and Foxconn Technology Group, is strategically expanding its electric vehicle (EV) footprint, signaling a major push into both the US and Saudi Arabian markets.

According to reports, the company, headed by Chair Young Liu (劉揚偉), who also chairs Foxconn, is poised to unveil a significant EV partnership in the United States by the end of the current year. This announcement, made at a recent Foxtron investors meeting, underscores the company's commitment to the North American market.

Beyond the US, Foxtron is also exploring opportunities in Saudi Arabia. The company is collaborating with the Public Investment Fund in a joint venture known as Ceer to launch a local EV brand. The agreement includes the provision of car parts from Foxtron, with the potential for localized production within the Middle Eastern nation.

Further demonstrating its global ambitions, Foxtron has plans for additional projects with carmakers in Japan and Europe. Simultaneously, the company is actively developing a new generation of EV engines and working closely with Nvidia on an Advanced Driver Assistance System. Furthermore, Foxtron is a parts supplier to automotive group Stellantis and is preparing to assemble Mitsubishi Motors vehicles in Taiwan for export.