Foxtron's New Kaohsiung Plant to Begin Mass Production in Q3, Aiming for Mitsubishi Fuso Electric Bus Orders

Foxtron, a joint venture between Foxconn and Yulon, held its shareholders' meeting this morning and passed various proposals, including the full re-election of the board of directors. Foxtron spokesperson Wang Li-wei stated after the meeting that the new electric bus plant in Kaohsiung Qiaotou is expected to begin mass production in early Q3. In addition to producing the next-generation Model T, the company aims to produce new zero-emission electric buses in collaboration with Mitsubishi Fuso Truck and Bus Corporation at the new Kaohsiung plant. Foxtron elected nine directors this morning (including four independent directors). The new directors include Foxtron Chairman Lee Ping-yen, Vice Chairman Tso Chi-sheng, and Foxconn Group's Chief Strategy Officer for EVs, Jun Seki. Wang told reporters that the new plant is currently in the trial production phase and will enter the mass production stage by early Q3, producing next-gen Model T electric buses according to customer requirements, initially supplying Keelung City and other counties and cities. Foxconn and Foxtron announced earlier this year that they had established a joint venture with Mitsubishi Fuso Truck and Bus Corporation to promote new zero-emission buses. Wang pointed out that subsequent progress is proceeding smoothly according to the agreement between Foxconn and Mitsubishi Fuso, and Foxtron is actively striving to produce them at the Kaohsiung Qiaotou plant. Regarding the collaboration with Mitsubishi Motors on electric vehicle models, Wang reiterated that they are expected to be launched by the end of Q3 or early Q4, targeting the New Zealand and Australian markets, with the vehicles mainly produced at Yulon's Sanyi plant. Regarding the Polish market, Wang stated that Foxtron is participating in this Foxconn-led cooperation project, which is progressing smoothly. As for the North American market, Wang admitted that tariff variables are a challenge and there may be obstacles in the initial stage, so Foxtron will continue to monitor the impact of tariffs on the US market and continue relevant operations when the timing is appropriate.