S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
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.