Foxconn: The Company Making iPhones & Mitsubishi EVs

Mitsubishi Motors has signed a memorandum of understanding with Foxtron, the EV-focussed subsidiary of tech giant Foxconn. 

The companies plan to produce EVs for Australia and New Zealand, set to be released in the second half of 2026. 

These vehicles will be manufactured in Taiwan by Yulon Motor Co. and feature “excellent driving performance as an EV”, Mitsubishi Motors says.

This is part of Mitsubishi Motors’ efforts to advance its environmental initiatives through the electrification of new models. 

Alongside this collaboration, it plans to enhance its EV line-up through receiving OEM models from Renault in Europe and Nissan in North America. 

Foxtron says it is “very happy to be able to participate in the development of Mitsubishi Motors' electric vehicles and hopes that the cooperation between the two parties can complement each other and jointly expand the global market”. 

Meet Foxtron

Foxconn is one of the world’s biggest technology manufacturers, making devices like iPhones, Xboxes, most PlayStation consoles and Sony devices. 

It is also one of the world’s largest employers, with more than 750,000 employees in Taiwan alone. 

Foxtron is a joint venture between Foxconn and Yulon founded in 2020.

Yulon already makes license-built versions of cars for many brands including GM, Mitsubishi and Nissan. 

The partnership between Mitsubishi Motors and Foxtron looks to bring Foxconn’s electrical expertise into the mix. 

Foxtron purely produces electric vehicles, capable of avoiding a substantial amount of greenhouse gas emissions if adopted widely. 

In 2023, road transport was responsible for approximately 12% of global emissions according to the IEA — nearly 4 gigatonnes. 

Mitsubishi’s move to EVs

Takao Kato, President and CEO of Mitsubishi Motors, says: “Concerning climate change countermeasures, we will continue to introduce electric vehicles, plugin hybrid vehicles and hybrid vehicles at appropriate times, as well as promote energy conservation measures in our business activities and the introduction and expansion of renewable energy, aiming to achieve carbon neutrality in the entire supply chain by 2050. 

“As the automotive industry faces an era of profound change, Mitsubishi Motors regards digital transformation and expansion into new business fields as new seeds for growth, and we will continue to strengthen these initiatives.”

In 2009, the Mitsubishi i-MiEV was introduced to markets around the world as the first ever highway-capable electric car. 

Currently, the business is focussed on plug-in hybrid electric vehicle (PHEV) technology with vehicles like the Outlander PHEV.

However, this agreement with Foxtron suggests more of a focus on pure battery electric vehicles, reducing emissions even further. 

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