Foxconn to Build Mitsubishi EVs in Taiwan – A Bold Move into Australia and New Zealand’s Electric Car Market
Foxconn, best known for assembling Apple’s iPhones, is stepping into the electric vehicle (EV) game in a big way. The tech manufacturing giant has reached a preliminary agreement with Japanese automaker Mitsubishi Motors to design and produce electric cars in Taiwan.
The vehicles will be manufactured by Foxtron, a joint venture between Foxconn and Y
ulon Motor. While this is currently a memorandum of understanding (MoU)—a non-binding agreement—the companies aim to finalize the deal and have the new Mitsubishi EVs ready for the Australian and New Zealand markets by the second half of 2026.
Mitsubishi, part of an alliance with Nissan and Renault, has been under pressure from aggressive Chinese EV manufacturers like BYD, which are dominating markets in Europe, Southeast Asia, and South America.
Foxconn’s move is strategic. While it’s already the world’s largest contract electronics manufacturer, it has been seeking entry into the automotive sector and had previously expressed interest in partnering with Nissan. This deal with Mitsubishi could mark Foxconn’s first large-scale vehicle production contract.
The creation of these EVs not only helps Mitsubishi compete globally but also highlights Taiwan’s growing role in the future of automotive innovation.
Meanwhile, some critics point to environmental concerns and the global competition from Chinese automakers, but this partnership may offer both companies a way to reassert influence in the rapidly growing EV market.