Hon Hai Precision Industry Co (鴻海精密), a major iPhone assembler, yesterday said it has inked a memorandum of understanding (MOU) with Mitsubishi Fuso Truck and Bus Corp to develop and manufacture electric buses.
Hon Hai and Mitsubishi are to collaborate through their respective automotive subsidiaries Foxtron Vehicle Technologies (鴻華先進) and Mitsubishi Fuso Bus Manufacturing Co, Hon Hai said in a news release.
Foxtron Vehicle is a joint venture between Hon Hai and a domestic automaker Yulon Motor Co (裕隆汽車).
Photo: Tyrone Siu, Reuters
Foxtron Vehicle and Mitsubishi Fuso are to collaborate on the development, production, supply chain management and sales of zero-emission buses (ZEV), based on Foxtron’s Model T and Model U electric bus platforms, Hon Hai said.
The Model T, an electric bus, has been commercially available since 2022 on the domestic market.
The collaboration aims to bolster the two companies’ strategic partnership in zero-emission buses and expand their presence in clean energy transportation, it said.
Based on the contract, Foxtron and Mitsubishi Fuso will further discuss potential business models for the Fuso brand and advance development of the new bus models to be manufactured in Japan, it said.
The Japanese automaker would primarily oversee development, production and commercialization in target markets, while also assessing the possibility of importing internal combustion engine buses and ZEVs into related markets, it said.
Through the partnership, the two companies aim to offer a wider range of products to meet the rapidly evolving bus market to achieve sustainable sales growth, Hon Hai said.
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