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Mitsubishi and Foxconn To Develop Electric Buses Under New Brand
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Mitsubishi and Foxconn To Develop Electric Buses Under New Brand
The Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and a subsidiary of the iPhone maker Foxconn said on Friday that both companies are creating a new joint venture focused on producing electric buses. Foxconn said late last year it planned to invest $2 billion to $3 billion annually in AI and was in discussions with the Japanese government about potential investments in artificial intelligence and electric vehicles. The new joint venture is w…
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