Hon Hai to make Mitsubishi an EV for Australia and New Zealand

Honai Precision Industry has agreed to supply Mitsubishi Motors with an electric vehicle to be manufactured in Taiwan and sold in Australia and New Zealand by the end of 2026. The car will be developed by Foxtron Vehicle Technologies, a subsidiary of Honai, and produced by Yulon Motor in Taiwan. This deal marks Mitsubishi's first major contract for Honai's fledgling EV manufacturing business, signaling significant growth and strategic importance for the company.