Mitsubishi to sell Foxconn-developed EV in Australia, New Zealand by 2026

Published 07/05/2025, 08:52
Mitsubishi to sell Foxconn-developed EV in Australia, New Zealand by 2026

Investing.com -- Mitsubishi Motors (OTC:MMTOF) plans to introduce an electric vehicle (EV) developed by Foxconn (SS:601138) Technology Group’s unit, Foxtron Vehicle Technologies, in Australia and New Zealand in the second half of 2026. The Japanese automaker announced its intentions recently, highlighting the global shift towards more sustainable transportation options.

On Wednesday, Mitsubishi revealed that it had signed a memorandum of understanding with Foxtron Vehicle Technologies. As per the agreement, Mitsubishi will be supplied with a model manufactured by Yulon Motor, a Taiwan-based company. The Japanese carmaker and Foxtron will continue discussions to finalize a definitive agreement.

In addition to its plans for Australia and New Zealand, Mitsubishi also announced its intention to launch a new battery-electric vehicle in North America. The new EV is slated for release in the summer of 2026, further expanding the company’s electric offerings in key global markets.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.