Mitsubishi Motors and Foxtron, a Foxconn subsidiary responsible for electric vehicle (EV) development, have signed a memorandum of understanding (MOU) for the supply of a new EV model.
Earlier this week, the two companies announced that they are in the process of further discussions for an agreement that will see Foxtron supply an EV model as an OEM (original equipment manufacturer) model, which will be manufactured by Yulon Motor and rebadged as Mitsubishi.
The launch of the new vehicle, which is planned for the second half of 2026, will target the Oceania region with a focus on Australia and New Zealand. The move forms part of a production plan for Australia announced by Mitsubishi last year, which extends until 2030.
The new model is expected to be a version of the Foxtron Model B, a compact SUV with 170kW electric motor, 60kWh battery and approximately 450km range.
Mitsubishi confirmed it will also be equipped with an advanced infotainment system, which is an integrated multimedia and connectivity platform that aims to boost the driving experience by including entertainment, navigation, communication, and vehicle control features.
The automaker said that the partnership with Foxconn is part of its goal to increase the sales share of electrified vehicles to 100 per cent by 2035.
Mitsubishi launched its first EV vehicle in 2009 – the i-MiEV, the world’s first mass-produced electric vehicle. The launch was followed in 2013 by the Outlander PHEV, the world’s first plug-in hybrid electric SUV.
In a statement, Mitsubishi Motors also confirmed its intention to expand its range of electric vehicles through the supply of OEM models from the Renault Group in Europe and Nissan in North America, leveraging the advantages of the alliance between the three automakers.
The plan includes expanding collaboration with Alliance partners globally to enhance the range of electrified vehicles and accelerate efforts towards achieving carbon neutrality.
The alliance was formed originally between Renault and Nissan in 1999, with Mitsubishi joining in 2016, when Nissan acquired a controlling stake in the company.
According to the three firms, the partnership focuses on boosting vehicle development, while accelerating innovation in the automotive industry with a focus on EVs, autonomous driving and connected car technologies.
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