Mitsubishi Motors teams up with Foxtron to develop new electric vehicle
- Foxtron will design and manufacture an electric vehicle for Mitsubishi Motors, with production expected to start in Taiwan.
- The new electric vehicle model is anticipated to be released in Australia and New Zealand in the second half of 2026.
- This partnership highlights the growing collaboration between technology companies and traditional automakers to advance electric vehicle development.
In Taiwan, Foxtron, a joint venture involving Hon Hai Precision Industry and Yulon Motor Co., has reached an agreement with Japanese automotive company Mitsubishi Motors to develop a new electric vehicle. This collaboration marks a strategic move for both companies as they aim to enter the highly competitive electric vehicle market and increase their presence in the Oceania region. The vehicle is expected to be produced in Taiwan, with a planned release in Australia and New Zealand in the second half of 2026. This initiative comes as Mitsubishi Motors works to modernize its lineup and transition to electric and hybrid vehicles by 2035. The automotive industry is witnessing significant changes, with traditional automakers facing intense pressure from emerging rivals, particularly from China. As they navigate these challenges, Foxtron plans to leverage its expertise in electronics and communications to enhance its offerings and compete effectively within the EV segment. This venture represents Foxtron's aspirations to expand beyond technology and electronics, signaling its commitment to play a significant role in the future of sustainable transportation. The agreement, while currently a non-binding memorandum of understanding, marks the beginning of potentially transformative developments in the partnership between the two corporations.