Foxconn, the maker of Apple’s iPhones, has revealed its intention to produce electric vehicles (EVs) for Japanese car giant Mitsubishi Motors. The joint venture will design and build cars in Taiwan for Mitsubishi, with the new model expected to be available by the end of next year.
The cars will be built by Foxtron, Foxconn’s EV joint venture with Taiwanese car maker, Yulon Motor. Design and manufacturing management services will be provided by Foxtron, and the model is expected to enter the Australian and New Zealand markets in the second half of 2026.
The agreement is a memorandum of understanding, a non-binding deal between the two companies, and they will proceed with discussions towards a definitive agreement, BBC reports.
Foxtron Vehicle Technologies is a joint venture between Foxconn and Yulon Motor, the former responsible for producing electronics such as the Apple iPhone, Google Pixel, Sony PlayStation, and Nintendo devices, and the latter – one of the biggest car brands in Taiwan – tasked with building the new Mitsubishi model in its home market.
The moves come as China’s car industry has expanded rapidly and the world’s second largest economy has emerged as a leader in the growing EV market. Established car makers worldwide have struggled to compete as major Chinese players like BYD continue to win new customers.
