Facing the European Union's looming anti-subsidy tariffs on Chinese-made battery electric vehicles (BEVs), BYD is executing a three-pronged strategy—combining geopolitical positioning, product diversification, and global production realignment—to blunt the impact and maintain its rapid global expansion. The approach is already beginning to yield results, narrowing the gap with industry leader Volkswagen and signaling a new phase of competitive pressure for Europe's homegrown automakers.
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.
Foxtron Vehicle Technologies, the electric-vehicle joint venture backed by Foxconn Technology Group, is reportedly preparing to acquire Luxgen, the homegrown auto brand under Taiwan's Yulon Motor Group, as part of Foxconn's broader push to strengthen its EV portfolio.
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.
Taiwan's leading shared mobility provider, iRent, announced a major partnership with WeMo, bringing WeMo's fleet of 10,000 shared electric scooters onto the iRent app starting today.
