Foxconn, the global electronics giant known for assembling Apple iPhones, will build electric vehicles (EVs) for Mitsubishi Motors in Taiwan. The two companies formed a joint venture to launch this project. They plan to release a new EV model by the end of next year. This move marks Foxconn’s biggest leap into the fast-growing electric car market.
Foxconn and Mitsubishi Join Forces in Taiwan
Foxconn and Mitsubishi want to create a competitive EV through their joint venture. Foxtron, a team effort between Foxconn and Taiwan’s Yulon Motor, will lead both design and production. This strategy helps Mitsubishi grow its EV line while letting Foxconn expand beyond electronics.
So far, both companies signed a memorandum of understanding (MoU). Even though this deal isn’t legally binding yet, they are actively negotiating a formal agreement.
Japanese Carmakers Respond to Chinese EV Growth
Chinese carmakers like BYD, NIO, and XPeng have grown fast in recent years. They now sell electric vehicles in South America, Europe, and South East Asia. Their strong prices and tech innovation have shaken the global car industry.
As a result, Japanese companies feel rising pressure. Mitsubishi’s deal with Foxconn shows how legacy brands are adapting. By working with a tech-savvy partner, Mitsubishi hopes to respond quickly to market shifts.
Australia and New Zealand Targeted for 2026 Launch
The companies plan to begin sales in Australia and New Zealand in 2026. Foxtron will manage the production timeline to support this launch. According to both companies, the vehicle should reach both markets in the second half of that year.
This roll-out will help Mitsubishi rebuild its presence in regions where it once had strong sales. By targeting these specific markets first, the company hopes to test demand and improve brand visibility.
Foxconn Shifts Focus from Phones to Electric Cars
Foxconn has long dominated the tech world by producing smartphones, tablets, and computers for major brands. However, the company has recently started building electric cars. It already produces vehicles under its own brand and for partners.
In the past, Foxconn even explored buying a stake in Nissan. The deal with Mitsubishi fits perfectly into Foxconn’s plan to become a key player in the global EV industry.
Chinese EV Makers Lead While Rivals Catch Up
China’s EV sector keeps growing at a fast pace. Companies like BYD benefit from government support, advanced battery tech, and strong domestic demand. As they expand globally, their cars become more appealing to international buyers.
This success puts extra pressure on older brands like Mitsubishi. Without bold action, they risk falling behind. The Foxconn deal gives Mitsubishi a chance to innovate and stay relevant in a rapidly evolving market.
What Comes Next for the Foxconn-Mitsubishi Deal?
While the current deal is still in its early stage, both sides aim to finalize a full contract soon. They are discussing production details, sales plans, and how to grow the partnership further.
Mitsubishi and Foxconn both want to lead in the next generation of clean transport. If their first EV model succeeds, future projects could follow quickly.
Foxconn and Mitsubishi are teaming up to meet the rising demand for electric cars. With a target launch in Australia and New Zealand by 2026, their project reflects a wider shift in the car industry. As legacy brands adapt and tech companies expand, new partnerships like this one could shape the future of mobility.