Foxconn and Mitsubishi Motors Sign MOU to Advance EV Partnership

2025/05/07
Cooperation
Mitsubishi
Malaysia
Taiwanese electronics giant Foxconn has signed a memorandum of understanding (MOU) with Mitsubishi Motors to advance discussions towards a definitive agreement. Under the deal, Foxtron will develop an EV model (likely the Model B small crossover) for Mitsubishi, to be manufactured by Yulon Motor in Taiwan and launched in Australia and New Zealand in the second half of 2026. Foxconn has been seeking partnerships with Japanese carmakers to expand its EV business but has clarified that it will only act as a contract manufacturer and will not market its cars under its own brand. Since 2023, Foxconn has been producing EVs with Yulon Group and has commercialised the Model C crossover as the n7 under the Luxgen brand.
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Paul Tan
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