Michelle ThompsonFoxconn, best known for assembling Apple’s iPhones, plans to manufacture electric vehicles (EVs) for Mitsubishi Motors under a preliminary agreement.
The deal outlines that a Foxconn joint venture will handle the design and production of EVs in Taiwan for Mitsubishi. If finalized, this would mark Foxconn’s first major project in the competitive EV sector, with the first model expected by late next year.
Mitsubishi, like other Japanese automakers, has been facing rising competition from Chinese EV manufacturers, especially in Southeast Asia, South America, and Europe. Production will be carried out by Foxtron, a joint EV venture between Foxconn and Yulon Motor of Taiwan.
The companies stated that Foxtron will oversee both design and production management, and the new vehicle is expected to reach markets in Australia and New Zealand by the second half of 2026.
Currently, the deal is a memorandum of understanding, meaning it’s non-binding. Both parties plan to move toward a formal agreement.
Foxconn, the largest contract electronics producer globally, is already a key supplier to Apple. It had previously considered investing in Nissan to enter the auto sector.
Mitsubishi Motors, meanwhile, is a smaller partner in the Renault-Nissan-Mitsubishi alliance. The EV push follows China’s swift rise in the auto industry, with brands like BYD gaining significant traction globally, challenging legacy automakers.
