Foxtron and Mitsubishi Motors Collaborate on New EV for Oceania Market

Foxtron, partly owned by Hon Hai, and Mitsubishi Motors have announced a collaboration to develop an electric vehicle for the Australian and New Zealand markets. The vehicle, produced by Yulon, is set to debut by 2026. The move highlights the increasing trend of tech firms entering the EV market.

Foxtron, a joint venture between Hon Hai Technology Group and Yulon Motor Co., has announced a partnership with Mitsubishi Motors to create an electric vehicle targeted for the Oceania market, specifically Australia and New Zealand. The announcement marks a significant step as technology companies, like Hon Hai, leverage their expertise to disrupt the electric vehicle (EV) sector.

This collaboration reinforces the growing trend of tech firms entering and impacting the automotive supply chain. Foxtron's involvement adds another layer to Mitsubishi's strategy, which aligns with its objective to convert its entire range to EVs or hybrids by 2035 to compete with aggressive Chinese manufacturers.

The new vehicle by Foxtron and Mitsubishi will be manufactured by Yulon, slated for release in the latter half of 2026. While financial details remain undisclosed, both companies plan to continue discussions, emphasizing the evolving nature of partnerships within the automobile industry as established and emerging players jostle for market viability.

(With inputs from agencies.)