Foxtron Vehicle Technologies, a subsidiary of Taiwanese Hon Hai Technology Group (Foxconn), has inked a deal with Japanese automobile manufacturer Mitsubishi Motors Corporation to develop and supply an electric vehicle (EV) model to Mitsubishi Motors as an original equipment manufacturer (OEM) model.
Foxconn said in a statement on Wednesday that the duo have signed a memorandum of understanding (MOU) for the partnership.
Foxtron will provide design and manufacturing management services and this model is expected to enter the Australia and New Zealand markets in the second half of 2026.
Regarding the cooperation, Mitsubishi Motors noted that Foxtron’s EV solution, which offer excellent driving performance and infotainment system, is well-suited for Australia and New Zealand.
Foxtron stated that, in line with Foxconn Chairman Young Liu’s vision of “Share, Collaborate, and Thrive,” the company aims to accelerate EV development by optimizing platformization and modularized components.
“We are delighted to develop and supply an electric vehicle (EV) to Mitsubishi Motors Corporation and look forward to a collaboration that will complement both parties and drive both business expansions,” Foxtron said.
Established in 2020, Foxtron Vehicle Technologies is a Taiwan-based company with full vehicle design, development, and system validation capabilities.
Leveraging decades of expertise from Foxconn and Yulon Group in the information and communication technology (ICT) and automotive industries, Foxtron operates under the contract design and manufacturing service (CDMS) business model.
With an open platform strategy, Foxtron aims to work alongside Taiwan’s ICT and automotive industries to drive international expansion and establish the next-generation EV ecosystem.
BYD unveils battery system that charges an EV in five minutes – report