Foxtron and Mitsubishi Motors Collaborate on New EV for Oceania 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.)