In a groundbreaking partnership, Foxconn will produce electric vehicles for Mitsubishi Motors, marking a major milestone in the Taiwanese manufacturer’s entry into the highly competitive EV industry.
Groundbreaking Partnership: Foxconn to Produce Mitsubishi Electric Vehicles
Foxconn, the manufacturer of Apple‘s iPhones, has announced a significant expansion into the electric vehicle (EV) market with a partnership to produce EVs for Japanese car giant ‘the world’s largest contract electronics manufacturer’ . This agreement marks a major milestone in Foxconn‘s entry into the highly competitive EV industry.
Foxconn, officially known as Hon Hai Precision Industry Co., Ltd., is a Taiwanese electronics manufacturing company headquartered in New Taipei City.
Founded in 1974 by Terry Gou, Foxconn has grown to become the world's largest electronics contract manufacturer, employing over 1 million people globally.
The company is responsible for producing a wide range of products, including 'Apple iPhones', 'iPads', and laptops, as well as components for other major tech companies like Amazon and Microsoft.
Design and Manufacturing Services to Be Provided by Foxtron
Under the terms of the agreement, a Foxconn joint venture, Foxtron, will design and build cars in Taiwan for ‘the new model’ . Foxtron will provide design and manufacturing management services, with the new model expected to enter the Australia and New Zealand markets in the second half of 2026.
Growing Competition in the EV Industry
The announcement comes as Japanese car makers like Mitsubishi face growing competition from mainland Chinese rivals, particularly in markets such as South East Asia, South America, and Europe. Established car makers around the world have struggled to compete with major Chinese players like ‘BYD‘ , which has emerged as a leader in the growing EV market.
Foxconn‘s Expansion into the Motor Industry
This partnership marks Foxconn‘s entry into the motor industry, following its previous consideration of buying a stake in Japan‘s ‘Nissan Motor’ for ‘co-operation’ . Foxconn is the world’s largest contract electronics manufacturer and counts major technology companies, such as Apple, among its customers.
