Foxconn signs EV pact with Japan’s Mitsubishi Motors

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The EV unit of Taiwanese technology giant Foxconn has agreed in principle to develop and supply an electric vehicle model to Japan’s 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…



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Foxconn signs EV pact with Japan’s Mitsubishi Motors


The EV unit of Taiwanese technology giant Foxconn has agreed in principle to develop and supply an electric vehicle model to Japan’s 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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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