Mitsubishi Motors signs MOU to outsource EV model development to Foxconn unit
07/05/2025 06:05
TOKYO, May 7 (Reuters) - Japanese automaker Mitsubishi Motors 7211.T has signed a memorandum of understanding with Foxconn 2317.TW subsidiary Foxtron Vehicle Technologies 2258.TW for the supply of an electric vehicle model, it said on Wednesday. The EV model will be developed by Foxtron, manufactured in Taiwan by automaker Yulon 2201.TW and introduced in the Oceania region in the second half of 2026, Mitsubishi Motors said in a statement. (Reporting by Daniel Leussink Editing by Chang-Ran Kim) ((daniel.leussink@thomsonreuters.com; Twitter: @danielleussink;))
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