iPhone maker announces plan to build Mitsubishi EVs

Foxconn, the shaper of Apple's iPhones, has announced plans to nutrient electrical vehicles (EV) for Japanese car elephantine Mitsubishi Motors.

Under the statement successful principle, a Foxconn associated task volition plan and physique cars successful Taiwan for Mitsubishi.

The companies accidental they expect the caller exemplary to beryllium disposable by the extremity of adjacent year, nether what would beryllium Foxconn's archetypal large declaration successful the booming and highly competitory EV industry.

Japanese car makers similar Mitsubishi person faced increasing contention from mainland Chinese rivals, peculiarly successful markets successful South East Asia, South America and Europe.

The companies said the cars volition beryllium built by Foxtron - Foxconn's EV associated task with Taiwanese car maker, Yulon Motor.

"Foxtron volition supply plan and manufacturing absorption services and this exemplary is expected to participate the Australia and New Zealand markets successful the 2nd fractional of 2026," they added.

At this stage, the statement is simply a alleged memorandum of knowing - a non-binding woody betwixt the 2 companies. The companies person said they "will proceed with discussions towards a definitive agreement."

Foxconn is the world's largest declaration electronics shaper and counts large exertion companies specified has Apple among its customers.

It antecedently said it would see buying a involvement successful Japan's Nissan Motor for "co-operation" arsenic it looked to get into the centrifugal industry.

Mitsubishi Motors is simply a inferior spouse successful an confederation betwixt Nissan and French car shaper Renault.

The moves travel arsenic China's car manufacture has expanded rapidly successful caller years and the world's 2nd largest system has emerged arsenic a person successful the increasing EV market.

Established car makers astir the satellite person struggled to vie arsenic large Chinese players similar BYD proceed to triumph caller customers.