Mitsubishi Motors has announced plans to outsource the production of its electric vehicles (EVs) to Taiwan's Foxconn, according to a report by Kyodo News. The move is part of Mitsubishi's broader strategy to streamline operations and focus on the development of next-generation automotive technologies.

Foxconn, formally known as Hon Hai Precision Industry Co., has been aggressively expanding its presence in the EV sector. The Taiwanese electronics manufacturing giant, best known for assembling Apple's iPhones, has been investing heavily in electric vehicle production capabilities. This partnership with Mitsubishi Motors marks a significant step in Foxconn's ambition to become a major player in the global automotive industry.

Under the agreement, Foxconn will manufacture Mitsubishi's EVs at its facilities, leveraging its expertise in large-scale production and supply chain management. The collaboration is expected to help Mitsubishi reduce costs and accelerate its transition to electric mobility.

Mitsubishi Motors has been under pressure to adapt to the rapidly shifting automotive landscape, where traditional internal combustion engines are being phased out in favor of electric powertrains. By outsourcing production to Foxconn, Mitsubishi aims to focus its resources on research and development, including advancements in battery technology and autonomous driving systems.

The partnership is set to begin in 2025, with the first Foxconn-produced Mitsubishi EVs expected to hit the market shortly thereafter. The vehicles will target both domestic and international markets, with a particular focus on regions where EV adoption is growing rapidly, such as Europe and North America.

This collaboration highlights the increasing convergence of the technology and automotive industries. Foxconn's entry into the EV manufacturing space has already seen it partner with other automakers, including Fisker and Lordstown Motors, as it seeks to establish itself as a key supplier in the electric vehicle ecosystem.

For Mitsubishi Motors, the move represents a strategic pivot as it seeks to remain competitive in an industry increasingly dominated by electric vehicles. The company has set ambitious targets for electrification, aiming for EVs to comprise a significant portion of its global sales by the end of the decade.

As the automotive industry continues to evolve, partnerships like this one between Mitsubishi Motors and Foxconn are likely to become more common, as traditional automakers and tech companies join forces to navigate the transition to a greener, more connected future.