Prime Highlights:

• Foxconn, the manufacturer of Apple’s iPhone, is teaming up with Mitsubishi to build an all-new electric vehicle (EV).
• The EV is a sporty crossover model and will be on the market in Australian and New Zealand markets later this year 2026.

Key Facts:

• The EV will also have an excellent infotainment system and will be manufactured in Taiwan by Yulon Motor.
• Mitsubishi plans to electrify or hybridize its whole model line by 2035.

Key Background

In the first in history for the electric vehicle (EV) industry, Foxtron Vehicle Technologies, a Foxconn affiliate—the firm most known for manufacturing Apple’s iPhones—is partnering with Japan’s automaker Mitsubishi. The alliance is for the production of a new sporty EV, which will go on sale in Australia and New Zealand in the second half of 2026. Yulon Motor will produce the car in Taiwan, where the company also produces Nissan cars. The two businesses have agreed to a memorandum of understanding and are moving towards the switch to a binding agreement.

Foxtron, Foxconn’s joint venture with Taiwan’s Yulon Motor Co. of Foxconn, is Foxconn’s entry into the EV market using its electronics expertise to diversify beyond consumer electronics. Foxtron has a next-generation infotainment system and features in several products in Mitsubishi’s 2030 Australian and New Zealand long-term product plan.

This union follows Japanese automakers getting down to business in an attempt to compete for market share in the EV segment, whose dominance is more and more threatened by Chinese EV manufacturers. Mitsubishi released a proposal to offer all of its model range either hybrids or EVs by 2035. Foxtron already unveiled the Model B, an EV hatchback with style focus, in 2025 this year and has already had 11 model cars on offer on its website, such as luxury sedans, vans, pick-up trucks, and buses.

Mitsubishi and Foxtron’s partnership is a sign of the emerging trend in which technology firms leverage their electronics and communications expertise as a launching pad for entering the EV sector. With the ever-evolving automobile technology, partnerships such as this one will play a crucial role in determining the shape of the electric transport system in the future.