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2025-04-18

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Yulon issued a statement regarding the rumors about the government's 10 billion subsidy, urging against spreading misinformation.

Yulon issued a statement regarding the rumors about the government's 10 billion subsidy, urging against spreading misinformation.
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Yulon Group responded to the impact of U.S. tariffs on Taiwan, emphasizing that the information circulating online about it receiving tens of billions in government subsidies is false. The group pointed out the importance of domestically produced vehicles to Taiwan's automotive industry and stressed its long-term adherence to government policies, actively investing in independent research and development and achieving a self-manufacturing rate of up to 70%. Yulon also mentioned that the group will continue to promote the development of electric vehicles and automotive AI ecosystems, collaborating with Taiwanese component manufacturers to achieve industrial upgrades and technological innovation.

The tariff policy of the United States President has imposed a 32% reciprocal tariff on Taiwan, and it is widely believed that the government's actions are intended to protect Yulon domestic cars, thus giving the U.S. reason to levy high tariffs on Taiwan. In response, Yulon stated that the rumors circulating online about Yulon receiving billions in government subsidies are not true, and the relevant data is verifiable. They urged everyone not to spread false information to avoid malicious harm. Yulon emphasized that the existence of domestic cars is key to cross-field technological applications and evidence, and they will fully cooperate with the government to respond to the impact of U.S. reciprocal tariffs and overcome difficulties together.

Yulon Group pointed out that the impact of a 25% tariff on U.S. imported vehicles and parts not only targets a single enterprise but also affects the entire industry chain and ecosystem. Taiwan's domestic automotive industry includes numerous automakers and auto parts production companies, covering Japanese, Korean, American, and Taiwanese brands. The upstream raw material industries involved include steel, rubber and plastics, glass, machinery, and electrical electronics, which increasingly account for a higher proportion of vehicle costs, encompassing a wide range.

According to analyses by research institutions, the manufacturing of every 100 vehicles can create 1,428 indirect jobs, making it the industry with the most significant spillover effects among all durable goods. Yulon Group emphasizes that it has consistently complied with government policies, paid taxes legally, cared for employees, and fulfilled social responsibilities, and the Taiwanese automotive industry has a long development history. To align with the government's industrial policies, Yulon has also invested hundreds of billions in independent research and development and brand building, and the rumors online about Yulon receiving subsidies are not true and the relevant data is verifiable.

Over the decades, Yulon Group has cultivated the competitiveness of Taiwan's parts and automotive electronics industry, and many leading Taiwanese parts companies have collaborated with Yulon in research and development, gradually developing and entering the international supply chain. Additionally, the scale of development for each vehicle varies, and just the investment in molds and production line equipment requires at least 1 billion, which has also laid a solid foundation for Taiwan's mold and machine tool industry, contributing in ways that are not easily noticeable in the domestic automotive industry.

Yulon Group has jointly established a new company with another firm, continuing to invest in independent research and development, launching the first mass-produced domestic electric vehicle LUXGEN n7, and selecting a local ICT giant as a primary supplier. This move not only enhances the technological level of domestic cars but also presents an opportunity for Taiwan's ICT industry to enter the global vehicle electronics supply chain.

Yulon emphasizes that the existence of domestic cars is a necessary condition for cross-field technological applications and evidence. In the current booming development of new energy vehicles and automotive AI, having a complete vehicle platform for domestic cars is particularly important. On the other hand, Yulon also stated that the production and manufacturing of all its brands comply with regulations, and for the vast majority of models, the local production rate has exceeded 70%, with new models continuously incorporating domestic parts.

Although there are comments online about Yulon not focusing on its core business, Yulon responded that the group has a 70-year development history. Starting from its core business, the enterprise diversified as resources accumulated, which is a responsible act for shareholders and employees and also a common sense of business development. Looking forward to the future, Yulon Group will continue to actively cooperate with government policies, based on the foundation of the automobile industry, investing in the development of electric vehicles, green energy mobility services, and automotive AI ecosystems, while integrating the local supply chain and working together with Taiwanese automotive parts suppliers to achieve industrial upgrades and technological innovation.