Key facts
- Mitsubishi Motors is set to launch a new electric vehicle in Australia and New Zealand.
- The vehicle will be manufactured by Foxconn's automotive arm.
- The new EV is an ASR VR-e compact sport utility vehicle.
- The design is based on technology from Foxtron Vehicle Technologies.
Mitsubishi Motors is preparing to launch a new electric vehicle in Australia and New Zealand later this year. The compact SUV, designated the ASR VR-e, will be manufactured by the automotive division of Taiwan's Foxconn group, marking a significant collaboration. This move makes Mitsubishi the first Japanese automaker to utilize Foxconn's assembly capabilities for vehicle production. The design of the ASR VR-e is based on technology from Foxtron Vehicle Technologies, a subsidiary of Foxconn.
The partnership highlights the growing influence of Chinese and Taiwanese manufacturers in the global electric vehicle market, as indicated by other related news concerning BYD's expansion in Australia and the general trend of decreasing EV prices due to competition from low-cost Chinese brands.