Mitsubishi Motors Plans to Outsource Electric Vehicle Production to Foxconn

On March 20, sources revealed that Japanese automaker Mitsubishi Motors plans to outsource its electric vehicle production to Foxconn. This move aims to help Mitsubishi reduce production costs and accelerate the development of its product lineup. Meanwhile, Foxconn hopes to leverage this partnership to collaborate with Nissan and Honda in the electric vehicle sector, positioning itself to tackle intense competition and establish a strong foothold in the electric vehicle market.

Sources indicated that Mitsubishi Motors is expected to announce its collaboration with Foxconn in the coming weeks. According to the plan, Mitsubishi will sell Foxconn-produced electric vehicles under its own brand in Southeast Asian markets, although the specific models have yet to be determined.

At the same time, sources noted that Mitsubishi will retain its existing manufacturing facilities while working with Foxconn to optimize production capacity. This collaboration is expected to shorten development, production, and delivery timelines, while also reducing production costs, allowing Mitsubishi to allocate more funds to technological development.

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