Foxtron Vehicle Technologies Co., Ltd. (TWSE:2258) agreed to acquire Luxgen Motor Co., Ltd. from Yulon Motor Company Ltd. (TWSE:2201) for approximately TWD 790 million on December 19, 2025. A cash consideration of TWD 787.95 million will be paid by Foxtron Vehicle Technologies Co., Ltd. As part of consideration, TWD 787.95 million is paid towards common equity of Luxgen Motor Co., Ltd.

The transaction is subject to approval of merger agreement by target board and subject to antitrust regulations. The deal has been approved by the board. The deal is expected to close in the first quarter of 2026.