Foxtron and Mitsubishi Motors sign MOU for electric vehicle model

GlobalData

Thu, May 8, 2025, 4:40 AM 2 min read

Foxtron Vehicle Technologies, a subsidiary of Hon Hai Precision Industry (Foxconn), has signed a memorandum of knowing (MOU) with Mitsubishi Motors for the proviso of a caller electrical conveyance (EV) model.

Under the presumption of the MOU, Foxtron volition make the EV, which volition beryllium manufactured successful Taiwan by Yulon Motor and supplied to Mitsubishi Motors arsenic an OEM product.

The conveyance exemplary is scheduled for marketplace instauration successful Australia and New Zealand successful the 2nd fractional of 2026.

The exemplary forms portion of Mitsubishi Motors’ merchandise readying strategy for the Oceania region, which extends done 2030.

This collaboration aligns with Mitsubishi Motors’ broader electrification strategy, which includes hybrid and plug-in hybrid offerings successful different markets.

It includes the updated Outlander PHEV and caller hybrid EV models for the Xpander and Xforce, which person seen occurrence successful the ASEAN market.

The confederation provides opportunities to root OEM models from Renault successful Europe and Nissan successful North America.

Mitsubishi is besides exploring the imaginable for planetary collaboration with confederation partners to fortify its EV portfolio and beforehand towards c neutrality.

In a caller report, Mitsubishi Motors has shown a important increase successful production, with 75,004 units produced successful January 2025, an 82.2% summation year-on-year.

Overseas accumulation besides saw a important rise, with a 67.4% year-on-year increase, including 31,360 units manufactured successful Asia.

Thailand's accumulation output soared to 15,031 units, a 61.6% jump, portion Indonesian factories ramped up to 11,250 units, registering a robust 77.4% maturation year-over-year.

Domestically, the institution sold 10,236 units, counting imports to Japan, achieving a 114.3% surge from the erstwhile year's figures.

"Foxtron and Mitsubishi Motors motion MOU for electrical conveyance model" was primitively created and published by Just Auto, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.