Foxconn Nears Mitsubishi Deal as It Seeks Broader EV Alliances with Japanese Automakers
The electronics giant aims to expand its EV footprint by finalizing a supply deal with Mitsubishi and exploring partnerships with Nissan and Honda.
- Foxconn is finalizing a supply agreement with Mitsubishi Motors to produce electric vehicles for the Oceania market.
- The company has expressed interest in forming a broader strategic alliance with Nissan, Honda, and Mitsubishi to strengthen its EV operations.
- Foxconn’s EV Chief Strategy Officer, Jun Seki, emphasized the compatibility of Japanese automakers as a key advantage for the company’s strategy.
- The move is part of Foxconn's efforts to counter growing competition from Chinese EV manufacturers in global markets such as Europe, Brazil, and Thailand.
- Foxconn plans to diversify its EV offerings by launching an electric bus and a microbus in Japan, with production targeted for 2027.