Mitsubishi, Foxconn Partner on Australia–NZ EV Launch

Mitsubishi Motors and Foxtron, a subsidiary of Foxconn, have signed a memorandum of understanding to jointly develop and supply a new electric vehicle for Australia and New Zealand, with production scheduled to begin in the second half of 2026. The EV will be developed by Foxtron and manufactured in Taiwan by Yulon Motor, representing Foxconn's first major contract in the electric vehicle sector. Mitsubishi plans to expand its global EV lineup through partnerships, including a Nissan Leaf-based electric crossover for North America and rebadged Renault models for Europe. The partnership is part of Mitsubishi's strategy to compete with Chinese automakers and meet its goal of offering a full lineup of EVs or hybrids by 2035. The agreement with Foxconn remains non-binding as the parties negotiate a definitive deal. Financial terms have not yet been disclosed.