Observed in Taiwan’s search market, Yulon Motor announced plans for mass-production EV deliveries and export preparations.
The first-half results and second-quarter energy-business earnings disclosed by the company are already reported figures, but future delivery volumes and overseas performance are not confirmed results.
New Zealand and Australia are export destinations and cannot be regarded as having the same meaning as Taiwan, the market observed through search trends.
3-Line Summary
1. Yulon is focusing on mass-production EV deliveries
2. First-half operating profit increased 9%
3. Actual delivery numbers will be determined by orders
After Cavira mass production, the remaining task is customer delivery
Taiwanese automaker Yulon Motor identified the mass-production delivery of FOXTRON’s Cavira EV as a key second-half priority at its corporate briefing. FOXTRON is the company that Yulon said had completed the introduction of new-vehicle mass production. In this announcement, the stage emphasized by the company does not end with putting the vehicle into the production system; it involves actually handing the mass-produced vehicles over to customers.
According to a report by Liberty Finance, Yulon General Manager Hsu Kuo-hsing explained that FOXTRON’s order situation was better than expected and that this could cause production volume this year to increase noticeably from the previous year. However, this is the company’s assessment of order flow. Yulon also stated that actual delivery volume will be determined by final order demand. This is why the forecast of potentially higher production volume should not be read as a confirmed delivery total.
Yulon announced that first-half consolidated operating profit increased 9% year over year. Amid intensifying market competition and the impact of investment businesses, it cited structural adjustment and improved operating efficiency as the background. This figure concerns first-half results that have already closed. It does not establish Cavira’s second-half delivery performance or annual production volume in advance.
The company cited four core priorities for the second half: new-vehicle mass production and delivery and exports, expansion of the energy business, asset activation, and verification of overseas operating methods. Although EV deliveries are at the forefront, Yulon’s proposed growth drivers are not tied solely to the sales results of one vehicle model. Conversely, it is also necessary to distinguish that all four pillars are plans the company has stated it will pursue going forward.
Mitsubishi’s New Zealand and Australia launch is scheduled for the fourth quarter
Yulon said it was preparing to produce EVs for export to the New Zealand and Australian markets for its customer Mitsubishi. In line with information that Mitsubishi plans to launch EVs in the fourth quarter in those markets, Yulon explained that it would also carry out preparations for vehicle delivery before launch and related work. The launch timing is a plan presented by Mitsubishi, and Yulon’s delivery preparations are likewise planned to proceed according to customer requirements.
The fact currently confirmed is that Yulon has begun preparing to produce vehicles for export. The company said it had established a quality-tracking system at the Sanyi plant. This means that it had arranged a system for tracking the production process and quality. Sales volume in New Zealand and Australia, actual delivery numbers, and the response after launch were not confirmed in this material.
Yulon assessed the Sanyi plant’s manufacturing capabilities as among the best in Taiwan. It also said it expects that, if related new vehicle models emerge in the future, customers will conduct sufficient evaluation and comparison, and that a stable arrangement in which Yulon handles production will be maintained based on its long-term cooperative relationship with FOXTRON. This section represents Yulon’s outlook. It should be distinguished from an announcement that a new-model production contract or production volume has been finalized.
Export preparations can lead to delivery only when they align with the local launch of completed vehicles. Therefore, the point of attention in this announcement is not “exports to New Zealand and Australia” itself, but the connection whereby Yulon is proceeding with advance production and delivery preparations in line with Mitsubishi’s planned fourth-quarter launch. The company’s explanation that orders and customer requirements will determine final delivery volume is also part of this process.
The Philippine service center and energy business have also entered the testing phase
In its overseas business, the first franchised maintenance and repair center in the Philippines officially opened. Yulon assessed the market response and operating results as better than expected. The company presented plans to verify operating methods for maintenance, energy, and leasing businesses in the Philippines and turn them into a replicable profit base. The opening of the first store is confirmed, but this does not mean that the profitability of the entire overseas expansion has been confirmed.
The behind-the-meter energy storage system, a business outside vehicles, is also expanding. Yulon said cumulative sales volume had approached 15MW and that its contract-manufacturing capacity for motive batteries was steadily increasing. The energy business’s share of revenue remains relatively limited, but according to the company, it generated a profit on a quarterly basis in the second quarter. The assessment that behind-the-meter storage systems and energy-related businesses are growing positively is also part of the company’s announcement.
Yulon said it would expand its energy construction business and strengthen its EPC turnkey execution capabilities. EPC is a method of undertaking engineering, procurement, and construction as a package. The results already confirmed in this announcement are the increase in first-half operating profit, preparations for export-vehicle production, the opening of the first franchised center in the Philippines, and second-quarter energy-business profit. Export delivery volume and subsequent production volume, the expansion results of the Philippine business, and the results of the energy-business expansion remain plans dependent on customer orders and the company’s execution.
References
Tags #Yulon #裕隆 #YulonMotor #FOXTRON #FOXTRON #Cavira #EV #Mitsubishi #NewZealandExports #AustraliaExports #SanyiPlant #EnergyStorageSystem #EPC #TaiwanAutomotive