Mitsubishi Motors shares spike after report of EV tie-up with Foxconn

News marks the latest partnership push by a Japanese automaker

20250321 Foxconn and Mitsubishi Motors

Mitsubishi Motors is known as one of the pioneers in EVs. (Photos by Nanami Sato and Reuters)

YUICHI SHIGA

TOKYO -- Shares in Mitsubishi Motors rose significantly on Friday following Nikkei Asia's news that Taiwanese electronics manufacturer Foxconn is finalizing a deal to collaborate with the company on electric vehicles, in what could be the latest in a series of partnership initiatives by Japanese automakers to boost their electrification plans.

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