Mitsubishi Motors Signs MOU With Foxtron Vehicle Technologies To Source EV For Oceania Markets
Mitsubishi Motors and Foxtron have signed an MOU for Foxtron to supply Mitsubishi with an EV model. Developed by Foxtron and manufactured in Taiwan by Yulon Motor, this OEM EV will launch in Australia and New Zealand in the second half of 2026. This collaboration is part of Mitsubishi's broader electrification strategy, which includes leveraging alliances with Renault and Nissan, aiming towards carbon neutrality.
Mitsubishi Motors Signs MOU With Foxtron Vehicle Technologies To Source EV For Oceania Markets
Mitsubishi Motors and Foxtron Vehicle Technologies, a subsidiary of Hon Hai Precision Industry responsible for developing electric vehicles, have signed a memorandum of understanding (MOU) to supply Mitsubishi Motors with an electric vehicle (EV) model developed by Foxtron and have decided to proceed with further discussions.
The EV model to be supplied to Mitsubishi Motors as an OEM model will be developed by Foxtron, manufactured in Taiwan by Yulon Motor and introduced in the Oceania region (Australia and New Zealand) in the second half of 2026.
The model is part of the product plan announced last year for Australia, extending through 2030. It features driving performance as an EV and an advanced infotainment system. Based on this MOU, Mitsubishi Motors and Foxtron will proceed with discussions towards an agreement.
Mitsubishi Motors is advancing its environmental initiatives through the electrification of new models. The effort includes upgrades to the Outlander PHEV, a plug-in hybrid EV, and the addition of hybrid EV models to the Xpander and Xforce, which are popular in the ASEAN region.
In addition to exploring collaboration with Foxconn, Mitsubishi Motors plans to enhance its electrified vehicle lineup by leveraging the strengths of the Alliance, such as receiving OEM models from Renault Group in Europe and Nissan Motor in North America.
Furthermore, Mitsubishi Motors is considering expanding collaboration with its Alliance partners globally, including in the Oceania region, to strengthen the electrified vehicle lineup and accelerate efforts towards achieving carbon neutrality.
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