Foxconn’s Next Move: Another Japanese Automotive Collaboration
Taiwanese electronics giant Foxconn, widely known as the main assembler for Apple’s iPhone, is poised to announce a second partnership with a Japanese automaker, according to Chairman Young Liu. Speaking at Foxconn’s annual shareholders meeting, Liu stated, “There are two Japanese automakers; one has already been announced, and the other is almost ready to be.” While Liu did not provide additional details, this signals Foxconn’s continued push to diversify into the electric vehicle (EV) sector and deepen its presence in Japan’s competitive market[4].
Recent Partnership with Mitsubishi Motors
Earlier this month, Foxconn’s EV arm, Foxtron Vehicle Technologies, signed a memorandum of understanding (MOU) with Mitsubishi Motors. Under the agreement, Foxtron will develop an electric vehicle, which will be manufactured in Taiwan by Yulon Motor Co. and launched in the Oceania region—specifically Australia and New Zealand—in the second half of 2026[2][3]. This move marks a new phase in Foxconn’s automotive ambitions, offering Mitsubishi access to Foxtron’s MIH electric car platform and advanced infotainment systems.
Key Points from the Mitsubishi Collaboration
- The electric vehicle will be developed by Foxtron and produced by Yulon Motor.
- The launch is planned for the Oceania market in 2026, supporting Mitsubishi’s regional product plan through 2030.
- Mitsubishi is upgrading its Outlander plug-in hybrid and expanding hybrid options across popular models in Southeast Asia.
- The MOU reflects Mitsubishi’s commitment to expanding its electrified vehicle lineup and aligning with its global partners, including Renault and Nissan, to accelerate the transition to carbon neutrality[2].
Foxconn’s Ambitions in the Japanese EV Market
Foxconn has identified Japanese automakers as strategic partners to advance its electric vehicle business. The company sees opportunities to assist traditional car manufacturers in the shift to electrification, particularly as Japanese brands face increasing competition from Chinese EV makers[4]. Jun Seki, Foxconn’s chief strategy officer for EVs, highlighted the potential for growth during an industry seminar in Tokyo.
Market Context and Future Prospects
Foxconn’s expanding automotive playbook comes at a time when the Japanese auto sector is under pressure to accelerate its EV offerings. The company’s ongoing diversification from electronics manufacturing to electric vehicles reinforces its role as an emerging force in the auto industry.
With the deal with Mitsubishi now public and more Japanese collaborations on the horizon, Foxconn continues to demonstrate its commitment to scaling up its automotive manufacturing capabilities and leveraging its technological expertise to support the global shift toward electric mobility.
