Japanese media has reported that Mitsubishi Motors will collaborate with Foxconn (Hon Hai Precision Industry). However, when asked about the news at the Nvidia GTC 2025 conference, Foxconn responded with, "No comment."
Foxconn's development in the electric vehicle (EV) market continues to be a focal point for industry observers. Having achieved its goal of building and mass-producing its own vehicles, the company is now actively seeking endorsements from established automotive brands.
It was previously reported that Foxconn was pursuing cooperation with a major Japanese automaker. The company was once linked to Nissan Motor, which has recently faced challenges.
Regarding the potential cooperation with Nissan, Foxconn chairman Young Liu emphasized that collaboration is the goal, and whether shares will be acquired would depend on the actual situation. At the time, Liu said that related news would be announced within one to two months.
During a recent earnings call, Liu disclosed that Foxconn expects to sign a contract design and manufacturing service (CDMS) contract with a Japanese automaker within the next month or two.
In light of the news from Japanese media, industry analysts believe the partner Liu mentioned is most likely Mitsubishi. Market observers suggest there is substantial evidence pointing to Mitsubishi as the potential partner.
The CDMS model that Liu has repeatedly emphasized provides traditional automakers with complete and customized EV solutions, reducing costs and shortening time to market. This is a key factor for brands seeking success in their EV development initiatives.
Compared with Nissan, industry sources have expressed that Mitsubishi is a more suitable partner for Foxconn in terms of operational scale.
Additionally, Mitsubishi and Nissan have close business and capital connections, both being part of the Renault-Nissan-Mitsubishi Alliance. If Foxconn successfully establishes a partnership with Mitsubishi, it could enhance the possibility of extending the collaboration to Nissan in the future.
Article edited by Jerry Chen
