Foxtron, Mitsubishi Motors Sign MOU for Electric Vehicle Model

In a move that underscores the rapid evolution of the global electric vehicle landscape, Foxtron Vehicle Technologies, a subsidiary of Hon Hai Precision Industry Co. (Foxconn), has signed a memorandum of understanding (MOU) with Mitsubishi Motors Corporation to develop and supply a new electric vehicle (EV) model.

Under the MOU, Foxtron will design and develop the EV, while manufacturing will be handled by Yulon Motor in Taiwan. The vehicle will be supplied to Mitsubishi Motors as an original equipment manufacturer (OEM) product, with a planned market debut in Australia and New Zealand in the second half of 2026.

This strategic collaboration marks a significant step in Mitsubishi Motors’ product planning roadmap for the Oceania region through 2030, bolstering its commitment to electrification. The partnership also aligns with Mitsubishi’s global electrification strategy, which includes a growing lineup of hybrid and plug-in hybrid electric vehicles (PHEVs) tailored to regional markets.

Mitsubishi has already seen strong results in ASEAN markets with its updated Outlander PHEV and hybrid models for the Xpander and Xforce. The new Foxtron-developed EV is expected to complement these offerings and expand Mitsubishi’s presence in Oceania, a region with increasing demand for clean mobility solutions.

The agreement with Foxtron also reflects Mitsubishi’s broader strategic alliances, which provide flexibility in sourcing OEM models from partners like Renault in Europe and Nissan in North America. The company is exploring deeper global collaborations to strengthen its EV portfolio and accelerate its carbon neutrality goals.

Meanwhile, Mitsubishi Motors is experiencing a surge in production and sales. In January 2025, the company produced 75,004 units globally, representing an 82.2% year-on-year increase. Overseas production saw a 67.4% rise, with 31,360 units built in Asia. Notably, output in Thailand jumped by 61.6% to 15,031 units, while Indonesia’s factories increased production by 77.4%, reaching 11,250 units.

On the domestic front, Mitsubishi’s January 2025 sales, including imports to Japan, soared to 10,236 units — a remarkable 114.3% increase over the previous year.

With the backing of manufacturing and alliance synergies, and now with the addition of Foxtron’s EV development capabilities, Mitsubishi Motors is poised for continued growth in the electrification era.

Mitsubishi Motors Yet to Enter U.S. BEV Market Amid Global Electrification Push

While Mitsubishi Motors is making significant strides in electrification globally, one notable gap remains: the absence of a battery electric vehicle (BEV) offering in the United States.

As of mid-2025, Mitsubishi’s U.S. lineup includes hybrid and plug-in hybrid (PHEV) models, most prominently the Outlander PHEV, which has gained traction as a practical bridge to full electrification. However, the automaker has yet to introduce a fully electric vehicle to the American market, even as competitors rapidly expand their BEV portfolios.

This absence is striking given the growing demand for electric vehicles in the U.S., driven by federal incentives, stricter emissions regulations, and increased consumer awareness. Mitsubishi’s lack of a BEV in this key market raises questions about its long-term competitiveness and commitment to electrification in North America.

Foxconn May Bring EVs to America Beginning in 2025

In April, EVinfo.net reported that Foxconn is ramping up efforts to become a global force in electric vehicles under its Foxtron brand. At a recent press conference on April 9, Jun Seki, a top Foxconn executive, outlined plans for six new battery electric models. Two of those are destined for the U.S. market, with the first set to arrive as early as late 2025.

Foxtron announced it plans to release two EV models in the US.

Model C – A sleek crossover that’s already being sold in Taiwan as the Luxgen N7. It will be the first to hit American roads, with customer testing expected by late 2025.

Model D – A multi-purpose vehicle (MPV) designed by Pininfarina, with U.S. availability expected by 2027.

Foxconn Invests in EV Tech OEM IndiGO Technologies

Foxconn’s growing presence in the American EV market is evident in its announcing the upcoming Model C and Model D for the US. The company is also making significant investments in exciting new startups such as indiGO Technologies.

At this year’s Advanced Clean Transportation (ACT) Expo in Anaheim, California, indiGO Technologies—a Smart EV startup founded by MIT alumni—made a bold impression with the unveiling of its highly anticipated Flow and Dash vehicles. On May 1, 2025, Chairman & CEO Will Graylin shared the milestone on LinkedIn, thanking key partners including FedEx, Foxconn, and FM Capital for backing indiGO’s mission to transform urban transportation. Attendees got a first look at the Flow Cargo and Flow Ride models, as well as a test drive in the compact Dash EV.

The spotlight of indiGO’s innovation lies in its patented SmartWheels™ technology, which integrates active suspension and propulsion directly into each wheel. This architecture eliminates the need for a traditional drivetrain, enabling a low, flat floor and expanding interior cabin space by 30%. The result: smoother rides, better safety, and more affordability—core values aimed at addressing the needs of gig drivers, fleet operators, and delivery services in dense urban environments.

Just days before the unveiling, indiGO closed a $54 million Series BB funding round with strategic investments from FedEx, Foxconn, and FM Capital. These new resources will accelerate the company’s commercial rollout of the Flow (target price $37,000, 200+ mile range) and the Dash ($27,000, 140-mile range), both of which qualify for significant EV rebates. The vehicles will be supported by the company’s “GO Loop” hub network—offering maintenance, charging, and vehicle access to gig drivers on demand.

With the acquisition of unmanned delivery vehicle maker Clevon and a Board strengthened by Foxconn’s EV leadership, indiGO is rapidly expanding its reach in both smart EV and autonomous delivery sectors. Its modular vehicle platforms, fleet-focused software, and strategic partnerships position the company as a serious contender in the race to electrify urban logistics and ride-hailing at scale. In a space crowded with promise, indiGO is one of the few building from the wheels up—literally.

EVinfo.net’s Take

The recent news from indiGO Technologies is indeed very exciting, and we will be right on top of this news for you as it develops.

When will Mitsubishi release a BEV for America? EVinfo.net recommends that the company get it done sooner than later.

The gas-powered Mitsubishi Mirage was one of the cheapest new cars for the US market in 2024, with a MSRP starting from $16,695 as of this writing.

EVinfo.net recommends that because Mitsubishi already had a presence in the low-cost auto market in America, that it makes sense to release a low-cost battery electric vehicle (BEV) for the US market soon. EVs are still higher-priced on average than gas cars, and a lower priced Mitsubishi BEV model will make EV adoption accessible for many more Americans.