FOXCONN

🚨🇨🇳#FOXCONN TO BUILD MITSUBISHI EVs IN TAIWAN FOR 2026 LAUNCH

🔹Foxconn, Apple's #iPhone maker, will produce electric vehicles for Mitsubishi via its Foxtron JV with Yulon Motor.

🔹Target market: Australia and New Zealand, with launch expected in H2 2026.

🔹The deal is currently a non-binding MOU; firms aim for a definitive agreement soon.

🔹Marks Foxconn’s first major EV contract, entering a market led by Chinese competitors like BYD.

-BBC News$SHELL