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Foxtron Model V
Foxtron Inc. or Foxtron Vehicle Technologies is a Taiwanese manufacturer of electric cars and buses based in Taipei, operating since 2020 as a joint venture between the technology company Foxconn and the car company Yulon. History In February 2020, Taiwanese electronic components giant Foxconn and local car manufacturer Yulon agreed to establish a joint venture company. Previously, Foxconn had limited involvement in the automotive industry only as a component supplier or investor, and decided to actively enter it as a manufacturer. Yulon's automotive component development and manufacturing subsidiary Hua-Chuang Automobile Information Technical Center Company (HAITEC) would invest New Taiwan dollar, NT$7.632 billion and hold a 49% share, while Foxconn would invest NT$7.944 B for a 51% share. Yulon previously had announced a joint venture with Fiat Chrysler Automobiles on January 16, 2020. The goal was to develop electric cars. The joint venture's first product was the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities.' Most joint ventures are incorporated, although some, as in the oil and gas industry, are "unincorporated" joint ventures that mimic a corporate entity. With individuals, when two or more persons come together to form a temporary partnership for the purpose of carrying out a particular project, such partnership can also be called a joint venture where the parties are "''co-venturers''". A joint venture can take the form of a business. It can also take the form of a project or asset JV, created for the purpose of pursuing one specific project, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |