Electronics giant Foxconn partners with Japan’s Mitsubishi Motors to enter the electric vehicle race, with plans to manufacture EVs in Taiwan and expand across Asia-Pacific.
A Bold New Chapter for Foxconn and Mitsubishi
Foxconn, the Taiwanese electronics firm best known for making Apple’s iPhones, is entering a new phase. It will soon build electric vehicles (EVs) for Japan’s Mitsubishi Motors. The two companies have agreed to work together on designing and producing a brand-new EV model. They plan to release this model before the end of next year.
The deal is not final yet. But both sides have signed a memorandum of understanding (MoU), which shows their shared interest in moving forward. The planned production will take place in Taiwan through a joint venture called Foxtron. The move marks Foxconn’s biggest push yet into the fast-growing global EV market.
Foxtron to Lead Design and Manufacturing
Foxtron is a joint venture between Foxconn and Yulon Motor, a leading carmaker in Taiwan. It will lead both the design and production of the new electric vehicle for Mitsubishi. Foxtron has already been active in the EV world, having shown off concept vehicles like the Model C, Model E, and Model T in recent years.
Now, the company is stepping into full-scale production. Foxtron will build the EVs for Mitsubishi in Taiwan. The cars are expected to be available first in Australia and New Zealand starting in the second half of 2026. This suggests a clear focus on expanding in Asia-Pacific markets.
According to both firms, Foxtron will provide complete engineering services. This includes managing design, production systems, and quality control.
A Non-Binding Agreement with Big Plans
While the partnership is not legally binding yet, it is a clear sign of serious intent. Foxconn and Mitsubishi have committed to further talks to reach a final deal. Once that happens, full-scale production will begin. This will be a new chapter for Foxconn, which is trying to become a major player in the EV market.
Foxconn has already built EV prototypes and signed deals with other companies, like Lordstown Motors and Fisker in the United States. Now, this deal with Mitsubishi adds a well-known Japanese brand to its growing list of automotive partners.
Foxconn also tried in the past to buy a stake in Nissan Motor. This was seen as a way to fast-track its car-making goals. While that plan did not move forward, it showed the company’s strong interest in becoming a serious player in the auto industry.
Mitsubishi Looks to Keep Up With Global Competition
Mitsubishi Motors is part of the larger Nissan-Renault-Mitsubishi Alliance. This alliance helps the three companies share resources and lower costs. However, Mitsubishi still faces big challenges. Japanese carmakers are falling behind in the EV race, especially compared to fast-growing Chinese brands like BYD.
Chinese companies are now selling EVs in Europe, South America, and Southeast Asia. This is forcing old brands like Mitsubishi to change fast. If they don’t, they risk losing more of their global market share. Partnering with Foxconn allows Mitsubishi to move quickly and compete with these new rivals.
The pressure is growing. Even in Japan, Chinese brands like BYD are starting to make inroads. In Europe, stricter emission rules are pushing buyers toward electric models. This global shift leaves traditional automakers with fewer options: adapt or lose ground.
Foxconn’s Larger Vision for the EV Industry
Foxconn is not just making phones and computers anymore. It wants to become the “Android of electric cars.” That means offering an open platform for building EVs that other companies can use. This model allows smaller carmakers to enter the EV market without building everything from scratch.
The company launched its MIH EV platform in 2020. The platform is open-source and designed to speed up EV development. Many small automakers have shown interest. With Foxtron now building cars for big names like Mitsubishi, Foxconn’s goal is coming closer to reality.
Foxconn also plans to build EV factories in the United States, Thailand, and other countries. This global approach shows that it is not just trying to support other automakers—it wants to reshape how EVs are made worldwide.
The Road Ahead: What’s Next for the Partnership?
The success of this project depends on the final agreement. But if everything goes as planned, the first Foxconn-made Mitsubishi EV could hit the roads in late 2025 or early 2026. The Australian and New Zealand markets will serve as testbeds before any global expansion.
For Mitsubishi, this project is a step toward catching up with rivals. For Foxconn, it’s a chance to prove that it can do more than assemble phones—it can build world-class cars too.
As the EV race speeds up, partnerships like this may become the norm. Traditional automakers bring brand value and market knowledge. Tech giants like Foxconn bring fast design, smart factories, and global supply chains.
This combination could shape the future of transportation.
A Turning Point for Both Companies
Foxconn and Mitsubishi’s plan is not just about building one car. It’s about surviving and growing in a fast-changing auto world. Both companies are betting that this partnership can help them keep up with global trends.
If they succeed, this deal could set a new model for how cars are made in the future.