Yulon Group

Chairwoman and CEO Lily Chen Yen oversees all strategic and investment decisions, following her assumption of leadership in 2018 after Kenneth Yen's death. The group operates through a board-governed conglomerate structure rather than a standalone family office, with major subsidiaries including Yulon Motor Company and China Motor Corporation each maintaining their own management teams. Strategic decisions, such as the Foxconn joint venture, are driven from the group level.

Yulon Group and Hon Hai Precision Industry (Foxconn) formed Foxtron Vehicle Technologies as a joint venture to develop electric vehicle platforms. The partnership combines Yulon's automotive manufacturing experience with Foxconn's electronics supply chain and contract manufacturing capabilities. Foxtron serves as an EV platform developer and assembler, with its designs marketed under Yulon's Luxgen brand in Taiwan.

Yes. The group holds significant real estate assets including Tai Yuen Hi-Tech Industrial Park, a technology-focused industrial park in Hsinchu County, and Yulon City, a large-scale mixed-use development in Xindian District, New Taipei City. It also maintains luxury brand representation rights for Taiwan and holds commercial property in Shanghai.

The group's wealth originated from automotive manufacturing. Founded in 1953 by Ching-Ling Yen, Yulon became Taiwan's first domestic automaker. The fortune was consolidated and expanded under second-generation leader Kenneth Yen through long-term joint ventures with Nissan and Mitsubishi Motors, establishing Yulon as the dominant domestic vehicle manufacturer and distributor.

After Kenneth Yen's death in 2018, leadership passed to his wife Lily Chen Yen, who became Chairwoman and CEO. Her transition from non-executive to group chief executive represents an uncommon governance path. The group maintains a conglomerate board structure, with operating subsidiaries retaining separate management layers.

Yes, the group operates several foundations. The Yen Tjing Ling Industrial Development Foundation and Yen Tjing Ling Medical Foundation reflect the family's structured philanthropic commitments. The Vivian Wu Journalism Award Foundation operates separately under the group's umbrella.

Yulon is pursuing electrification through its Foxtron joint venture with Foxconn rather than developing EV technology entirely in-house. Foxtron has unveiled multiple concept and production-intent vehicles including an electric crossover, positioning the group as a regional EV platform developer. This shifts Yulon's strategy from being a license-manufacturer for foreign brands toward originating its own electric vehicle platforms.