Mitsubishi Motors and Foxtron Sign MoU for Developing EV Model

Mitsubishi Motors Corporation (Mitsubishi) and Foxtron Vehicle Technologies Co., Ltd., (Foxtron) a subsidiary of Hon Hai Precision Industry Co., Ltd. (Foxconn) responsible for developing electric vehicles (EV), have signed a memorandum of understanding (MOU) to supply Mitsubishi Motors with an electric vehicle (EV) model developed by Foxtron.

Foxtron will develop the EV model for Mitsubishi which will be manufactured by Yulon Motor Co., Ltd. (Yulon Motor), in Taiwan. The model will be introduced in the Oceania region (Australia and New Zealand) in the second half of 2026.

The EV model was announced last year for Australia, extending through 2030. It features excellent driving performance as an EV and an advanced infotainment system, making it optimal for the Oceania region. Mitsubishi Motors and Foxtron will proceed with discussions towards a definitive agreement.

Mitsubishi Motors is advancing its environmental initiatives through the electrification of new models. This effort includes upgrades to the Outlander PHEV, a plug-in hybrid EV, and the addition of hybrid EV models to the Xpander and Xforce, which are popular in the ASEAN region. Apart from this, Mitsubishi Motors also plans to enhance its electrified vehicle lineup by leveraging the strengths of the Alliance, such as receiving OEM models from Renault Group in Europe and Nissan Motor Co., Ltd. in North America.

Mitsubishi Motors plans to expand its collaboration with its Alliance partners globally, including in the Oceania region, to strengthen the electrified vehicle lineup and accelerate efforts towards achieving carbon neutrality.