Apple’s iPhone manufacturer Foxconn has declared its intentions to create electric vehicles (EVs) for the major Japanese automaker Mitsubishi Motors.
As per the preliminary accord, a Foxconn joint venture will be responsible for designing and manufacturing vehicles in Taiwan for Mitsubishi.
The firms anticipate that the updated version will be ready by the conclusion of the following year, marking what could be Foxconn’s initial significant agreement within the rapidly expanding and fiercely contested electric vehicle sector.
Japanese automakers such as Mitsubishi have encountered increasing competition from their counterparts in Mainland China, notably within Southeast Asian, South American, and European markets.
The firms stated that the vehicles will be constructed through Foxtron, which is an electric vehicle partnership between Foxconn and Taiwan-based automobile manufacturer Yulon Motor.
“Foxtrot will offer design and production management services, with this model slated to launch in the Australian and New Zealand markets during the latter part of 2026,” they further stated.
Currently, the arrangement is referred to as a memorandum of understanding—a preliminary, non-committal pact between the firms. Both entities have stated their intention to engage in talks aimed at finalizing an official agreement.
Foxconn stands as the globe’s leading contract electronics manufacturer and serves prominent tech firms like Apple as one of its key clients.
Earlier, it indicated that it was contemplating acquiring a shareholding in Japan’s Nissan Motor for “collaboration,” as part of its strategy to enter the automotive sector.
Mitsubishi Motors is part of an alliance with Nissan and the French automobile company Renault, where it plays a secondary role.
These developments occur as China’s automobile sector has experienced rapid growth in recent years, with the country emerging as a leader in the expanding electric vehicle (EV) market, being the world’s second-largest economy.
Well-established automobile manufacturers globally have found it challenging to keep up as prominent Chinese firms such as BYD persistently attract more clients.