Foxconn and Mitsubishi Join Forces to Build New Electric Cars
A big change is coming to the car world as technology and automobile companies shake hands to build new electric vehicles. According to TheHindu, Foxconn, the Taiwanese tech giant known for making iPhones, has signed an important agreement with Mitsubishi Motors on Wednesday to develop and supply electric vehicles (EVs).
This marks Foxconn’s first major step into the electric car business, with plans to introduce the new model in Australia and New Zealand by late 2026.
What’s in the New Partnership?
The two companies signed what’s called a memorandum of understanding (MOU), which is basically an official agreement to work together on a specific project. In this case, they’ll create an electric car with excellent driving performance and entertainment features. This teamwork shows how companies are finding new ways to stay competitive in the rapidly changing car market.
The Electric Car Details
| Feature | Details |
|---|---|
| Developer | Foxtron Vehicle Technologies |
| Manufacturer | Yulon Motor Co., Ltd (in Taiwan) |
| Launch Region | Oceania (Australia and New Zealand) |
| Timeline | Second half of 2026 |
| Platform Base | Foxtron Model B (according to CarSales) |
| Driving Range | Over 500 kilometers on one charge (according to CarSales) |
| Battery Size | 60 kWh battery pack (according to CarSales) |
The new electric car will be specially designed with features that Australian and New Zealand drivers will find appealing and useful. According to CarSales, the car will be built on something called the Foxtron Model B platform. This means you might enjoy a car that can go more than 500 kilometers on a single charge, which is about the distance from Sydney to Canberra.
Why This Partnership Matters
- New Direction: This shows how Foxconn is growing beyond just making phones and computers into the exciting world of electric vehicles.
- Better Cars: The partnership aims to create vehicles with excellent driving performance and advanced entertainment systems that you can enjoy while traveling.
- Market Competition: This is part of a bigger trend where car companies are teaming up with technology experts to compete better in the electric car market.
- Local Manufacturing: The cars will be built in Taiwan by Yulon Motor Co., creating new manufacturing opportunities in the region.
Foxconn’s Journey in the Electric Vehicle World
This isn’t Foxconn’s first attempt to enter the car-making business. The company has been trying to establish itself in the electric vehicle industry for several years. The Munich Eye reported that Foxconn first announced its electric vehicle plans back in 2021, with ambitious goals to make sedans, SUVs, and even buses.
More Read
- Early Goals: When Foxconn first started its EV journey, the company wanted to become a major player in electric vehicles by 2025.
- American Venture: According to Business Journal Daily, Foxconn bought Lordstown Motors’ factory in Ohio in 2022, but the deal eventually failed.
- Legal Problems: Things got complicated when Lordstown Motors filed for bankruptcy in June 2023 and sued Foxconn.
- Failed Projects: EVinfo.net reported that Foxconn had planned to build the Fisker PEAR model and Lordstown Endurance pickup, but neither project worked out.
- Nissan Interest: According to Motor Authority, Foxconn showed interest in February 2025 in working with Nissan and possibly buying Renault’s stake in the company.
Looking Forward
This partnership represents a fresh start for Foxconn’s electric vehicle ambitions. After several unsuccessful attempts, working with an established car manufacturer like Mitsubishi might give Foxconn the foothold it needs in the automotive industry. For you as a consumer, this could mean more innovative electric vehicle options in the coming years, especially if you live in Australia or New Zealand.
The electric vehicle market continues to grow worldwide, and partnerships like this show how the lines between technology and automotive industries are blurring. As more companies join forces to create better electric cars, you might soon have many more options to choose from when looking for your next vehicle.
