DIGITIMES’ latest analysis predicts that the global electric vehicle (EV) market will enter a phase of slower growth in 2026, with an annual growth rate of roughly 15.2%—down from the double-digit surges exceeding 20% seen through 2025. After a period of rapid expansion, the industry is showing signs of saturation, prompting automakers to shift their strategic focus toward advanced autonomous-driving technologies to maintain competitiveness.

Luxgen, the homegrown automotive brand under Taiwan’s Yulon Motor, holds a unique place in the island’s industrial history. Recent reports that Foxtron—a subsidiary of Foxconn—may acquire Luxgen have stirred significant discussion in Taiwan’s automotive circles.