Foxtron, an automaker partially owned by Taiwan’s Hon Hai Technology Group (Foxconn), has announced a strategic collaboration with Mitsubishi Motors to develop an electric vehicle (EV) for the Australian and New Zealand markets. The partnership was confirmed on Wednesday, marking a significant step in Foxconn’s ambitions to enter the EV sector.
Hon Hai, best known as the manufacturer of Apple’s iPhone, is among several technology firms diversifying into the electric vehicle industry by leveraging their expertise in electronics and automotive supply chains. Foxtron, a joint venture between Hon Hai and Taiwan’s Yulon Motor Co., aims to produce the new EV at Yulon’s facilities. The vehicle is expected to debut in Oceania in the second half of 2026.
The companies did not disclose financial details, noting that the memorandum of understanding will be followed by further discussions. Foxtron’s involvement in EV production aligns with Mitsubishi’s strategic goal to transition its entire lineup to EVs or hybrids by 2035, as Japanese automakers respond to competition from Chinese rivals.
Earlier speculation suggested that Hon Hai might pursue a partnership with Nissan following unsuccessful merger talks between Nissan and Honda. However, the latest agreement focuses on the collaboration with Mitsubishi, reinforcing both companies’ commitment to expanding their EV portfolios.
At the Consumer Electronics Show in Las Vegas earlier this year, Foxtron showcased its Model B EV hatchback, alongside its range of automotive electronics. The company’s current lineup features 11 vehicle models, including the Model T bus, Model V pickup truck, Model N van, and the Model E luxury sedan.
As Foxtron and Mitsubishi continue to develop their partnership, the planned EV for Oceania reflects both firms’ ambitions to capitalise on the growing demand for sustainable transport solutions.
–Japan Today
