The EV unit of Taiwanese technology giant ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/foxconn” target=”_blank”>Foxconn has agreed in principle to develop and supply an electric vehicle model to Japan’s ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/mitsubishi-motors” target=”_blank”>Mitsubishi Motors, the companies said Wednesday.It marks Foxconn’s first major contract in the fast-growing EV sector, and comes as analysts say many Japanese automakers will need to seek alternative partners to stay competitive as cars become more high-tech.
Mitsubishi Motors and Foxtron Vehicle Technologies said they had signed a memorandum of understanding and would “proceed with discussions towards a definitive…
