Hon Hai Gets First Major EV-Making Client in Mitsubishi Motors

Hon Hai Precision Industry Co. has secured an agreement to make Mitsubishi Motors Corp. electric vehicles, scoring the first major customer for its fledging EV contract manufacturing business.

Hon Hai will begin building vehicles for Mitsubishi in Taiwan, a person familiar with the matter said. It’s unclear when production will actually start, but the first cars to roll off the assembly line would target Australia and New Zealand, the person said, asking to remain anonymous discussing a non-public matter. Hon Hai representatives declined to comment Thursday, while a Mitsubishi spokesperson said the automaker is always open to collaboration.