Summary
Foxconn, the company that makes iPhones, will start making electric cars for Mitsubishi Motors. They plan to build these cars in Taiwan and sell them in Australia and New Zealand by the end of 2026. This is part of a new agreement between Foxconn and Mitsubishi, although the deal is not yet final.
Key Facts
- Foxconn is the maker of Apple's iPhones.
- Foxconn will design and build electric vehicles for Mitsubishi Motors in Taiwan.
- The agreement is currently a "memorandum of understanding," a kind of non-binding deal.
- Foxconn's joint venture, Foxtron, will handle design and manufacturing with Yulon Motor.
- The new electric cars are expected to be available in Australia and New Zealand in the latter half of 2026.
- Mitsubishi faces increasing competition from Chinese carmakers, especially in Southeast Asia, South America, and Europe.
- Foxconn is the largest contract electronics manufacturer in the world.
