Mitsubishi Motors said on May 7 that it signed a memorandum of understanding (MOU) with Foxtron Vehicle Technologies—a joint venture between Foxconn and Yulon Motor—to jointly develop and supply electric vehicles. Under the OEM agreement, Foxtron will design the EV, while production will be handled by Yulon, with both sides planning to finalize a formal contract in due course.
The EV, developed by Foxtron and produced by Yulon, is scheduled to launch in the second half of 2026 in Oceania, targeting markets such as Australia and New Zealand. It has been incorporated into Mitsubishi's global product roadmap released in 2024, aligned with the company's strategic vision through 2030.
Designed for dynamic electric driving and equipped with enhanced infotainment capabilities, the model is tailored to meet consumer demand in the Oceania market.
Yulon's Sanyi plant to build the EV, right-hand-drive Model B in the pipeline
Yulon's Sanyi plant in Miaoli will serve as the main production base for the new EV. The facility is already manufacturing the Luxgen N7 and is now setting up a dedicated production line for its next model, the Model B.
Both the left-hand drive version for Taiwan and the right-hand drive export version of the Model B will be assembled at the Sanyi facility.
Yulon emphasized it is the only Taiwan-based automaker with in-house EV R&D capabilities and has produced more than 10,000 electric vehicles to date, positioning it to lead manufacturing for this collaboration.
With decades of OEM experience serving global automakers such as Nissan and Mitsubishi, Yulon has established itself as a manufacturer meeting international quality benchmarks—an edge that helped secure this latest deal.
CDMS model goes global as Taiwan's EV sector gains international traction
The project will adopt Foxtron's Contract Design and Manufacturing Service (CDMS) model, which uses a modular and open platform to accelerate EV development and attract global clients.
Foxtron said it will operate under the guiding principles set by Foxconn Chairman Young Liu—"sharing, cooperation, and mutual prosperity"—to scale its international presence through platform-driven solutions.
Yulon Group reaffirmed its strategy of open, diversified growth in the automotive sector, with a strong focus on new energy vehicles.
Beyond its own Luxgen brand, Yulon views the Mitsubishi partnership as a launchpad to bring Taiwan-developed EVs to global markets. The deal marks a major step forward for Taiwan's auto manufacturing and showcases its growing competitiveness in the EV era.
Mitsubishi described the Foxtron tie-up as part of a broader EV and hybrid expansion strategy. The company is also rolling out a revamped Outlander PHEV along with HEV versions of the Xpander and Xforce in Southeast Asia.
Mitsubishi is also strengthening its EV portfolio through OEM supply deals with alliance partners Renault and Nissan, as it works to expand its electric mobility footprint and pursue carbon neutrality across key markets, including Oceania.
Article edited by Jack Wu
