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Yulon and Foxconn to form EV drive systems joint venture · Endata

◂ Announcements

Automotive Componentsworld trade 2024+2.2% 5Y CAGR

Feb 11, 2020PARTNERSHIPTWN

Yulon and Foxconn to form EV drive systems joint venture

Yulon Group and Hon Hai Precision Industry (Foxconn) announced a preliminary agreement to form a joint venture for developing and producing EV drive systems and electronic/chassis products. HAITEC will take a 49% stake and contribute NT$7.6bn in assets and technology, while Hon Hai will take 51% and invest NT$7.9bn in cash.

Value

$15.5M

Status

Announced

ProductsEV drive systemselectronic/chassis products

CompaniesHon Hai Precision Industry Co., Ltd. partner Yulon Group partner Hua-Chuang Automobile Information Technical Center Company partner

Sectors#Automotive Components

“Yulon Group and fellow Taiwan electronics manufacturer Hon Hai Precision Industry, better known as Foxconn, announced a preliminary agreement to set up a manufacturing partnership to develop automotive related products.”just-auto.com

1 source
just-auto.comYulon, Foxconn, to set up EV drive systems joint venture - Just AutoFeb 11, 2020

Summarized from public sources; check the original articles before acting on it.

More from Hon Hai Precision Industry Co., Ltd.

Aug 24, 2021ACQUISITION$80.0M
Hon Hai and Stellantis agree to $80 million joint venture
Stellantis partner Hon Hai Precision Industry Co., Ltd. partner focustaiwan.tw
Aug 24, 2021PARTNERSHIP
Stellantis and Foxconn form joint venture Mobile Drive for cockpit solutions
Stellantis partner Hon Hai Precision Industry Co., Ltd. partner elektroniknet.de
Sep 24, 2020ACQUISITIONNew Taipei City's Jhonghe District, TWN$6.82M
Hon Hai and Adlink form robotic venture FARobot
Hon Hai Precision Industry Co., Ltd. acquirer ADLINK Technology acquirer taipeitimes.com
Jun 1, 2020PARTNERSHIPTWN
Foxconn and ADLINK form joint venture for autonomous mobile robots
Hon Hai Precision Industry Co., Ltd. partner ADLINK Technology partner bnext.com.tw
Apr 16, 2020NEW FACILITYQingdao, Shandong, Chinaops 2021
Foxconn to build chip plant in Qingdao, China
Hon Hai Precision Industry Co., Ltd.yicaiglobal.com
Dec 28, 2018NEW FACILITYZhuhai, China$9.00Bops 2020
Foxconn to build $9B 300mm chip fab in Zhuhai, China
Hon Hai Precision Industry Co., Ltd.eetasia.com

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