Mitsubishi Motors to outsource EV production to Taiwan's Foxconn

Mitsubishi Motors Corp. said Wednesday that it has signed a memorandum with a unit of Taiwan electronics giant Foxconn to be supplied with the arm's electric vehicles, aiming to roll them out in Australia and New Zealand in the second half of next year.The Japanese carmaker said in a statement that it will proceed with further discussions with Foxtron Vehicle Technologies Co., an EV developing arm of Foxconn, formally known as Hon Hai Precision Industry Co.Taiwanese automaker Yulon Motor Co. will undertake manufacturing of the EVs in Taiwan.Mitsubishi Motors' agreement with a contract manuf…READ FULL ARTICLE