TAIPEI – Yulon Group will pump another NT$5 billion ($154.3 million) into its self-designed Luxgen line of automobiles in 2009, with the ultimate goal development of an electric vehicle. Yulon’s Luxgen Motor Co. Ltd. unit will launch its first product, a 7-seat multipurpose van powered by a 2.2L turbocharged gasoline engine, in second-quarter 2009. This will be followed by an SUV in the second half of the year. Yulon also will focus next year on developing a 1.5L subcompact car and a ...
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