Model B EV certified, to launch in Q4: Foxtron

Taipei, June 25 (CNA) Foxtron Vehicle Technologies Co., a joint venture between Hon Hai Precision Industry Co. and Yulon Motor Co., announced Wednesday that its Model B passenger electric vehicle has received government certification for sale and is scheduled to hit markets in the fourth quarter of this year.

Speaking at an investor conference, Foxtron spokesman Wang Li-wei (王理巍), said global EV demand continues to grow, with the EV market in China, Europe and the United States as well as Taiwan expanding.

It is estimated EVs will account for over 30 percent of global vehicle sales by 2030, he added.

Turning to new product rollouts this year, Wang said that several EV models will be launched in the second half of the year, adding that the Model B will debut in the fourth quarter and has already obtained the necessary government certification for sale.

On the progress of the U.S. version of the Model C prototype, Wang indicated that field testing is ongoing in the U.S., and the development and certification of the model are expected to be completed by the end of 2025.

In addition, Foxtron is working with Japan's Mitsubishi Motors to develop a right-hand-drive version, targeting the New Zealand and Australian markets in the second half of 2026, according to Wang.

As for Foxtron's EV strategy this year, Wang emphasized the company will continue with deliveries of existing models, ramp up production for new models and maintain its strong R&D investments.

Foxtron noted that in just a few years, it has developed the Model B, C, D and E platforms, which collectively cover nearly all EV size segments.

The Taiwanese version of the Model C has already been launched and a long-range version was also rolled out at the end of 2024.

In terms of commercial EVs, Wang said that in addition to the Model T large electric bus, the company has also launched the Model U mid-sized electric bus. Having secured a spot in Taiwan's national e-bus program, Foxtron expects significant growth in orders this year, he added.