Foxconn closing in on EV collaboration with Mitsubishi: sources

Partnership would mark major milestone for iPhone maker's auto ambitions

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Foxconn's EV concept: The Taiwanese contract electronics maker is eager to prove itself in the EV industry. (Photo by Lauly Li)

LAULY LI and CHENG TING-FANG

TAIPEI -- Foxconn is finalizing a deal to collaborate with Japanese automaker Mitsubishi Motors on electric vehicles, sources briefed on the matter told Nikkei Asia.

If completed, the arrangement would be a major breakthrough for the Taiwan-based iPhone assembler's yearslong ambition to expand its presence in the EV industry, giving it an established automaker as a key client.

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