DIGITIMES' latest analysis predicts that the global electric vehicle (EV) market will enter a phase of slower growth in 2026, with an annual growth rate of roughly 15.2%—down from the double-digit surges exceeding 20% seen through 2025. After a period of rapid expansion, the industry is showing signs of saturation, prompting automakers to shift their strategic focus toward advanced autonomous-driving technologies to maintain competitiveness.
Taiwanese media have recently reported that Foxconn's electric vehicle subsidiary, Foxtron, may acquire Luxgen, the homegrown automotive brand under Yulon Motor, in what would mark a significant step for the tech giant's push into full-vehicle brand operations. According to circulating reports, the two companies reached a preliminary understanding in early November 2025 and are negotiating details, with a potential official announcement expected during Foxconn Technology Day (HHTD25) on November 21.
In this partnership, GAC handles vehicle production, JD.com manages exclusive online sales and data operations, and CATL supplies the batteries and swap technology. The compact sedan features a 2,750 mm wheelbase, comes standard with Huawei's in-car system, Bluetooth key access, and over-the-air (OTA) software updates.
Long seen as a global automaker struggling to yield meaningful results from its massive investments in vehicle electronics and electrification, Volkswagen is now entering its most important market: China. It is preparing to launch development of its first system-on-chip (SoC) designed entirely in China, a key component that will power Level 3 driver-assistance systems and future fully autonomous driving functions.
