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Daimler Truck’s Japanese unit and Taiwan-based manufacturing giant Foxconn are officially taking the next step in their electric vehicle partnership, announcing plans to launch a new bus company later this year. The new project will focus on electric buses for Japan and international markets.
Mitsubishi Fuso Truck & Bus, a unit of Daimler Truck Holding, said it will team up with Foxconn Technology Group to form the venture in the second half of 2026, pending shareholder and regulatory approvals. The new company will be headquartered in Kawasaki, Japan, and will focus on developing, manufacturing, and selling electric buses, while also working to improve existing diesel models.
Mitsubishi Fuso brings decades of experience in bus design, engineering, and production, while Foxconn contributes its zero-emission vehicle platforms and global supply network, forming a strong partnership built on a foundation of transferrable expertise.
“This collaboration will combine the strengths of both parties to accelerate our transformation in the bus sector,” said Mitsubishi Fuso Chief Executive Karl Deppen in a statement.
The new venture will be led by Katsuto Kora, head of Fuso’s bus business, who will serve as chief executive. Initial electric bus models will be based on technology developed by Foxtron Vehicle Technologies, Foxconn’s EV subsidiary, with final development and manufacturing taking place at Mitsubishi Fuso’s Toyama plant.
The move builds on a memorandum of understanding the two companies signed in August, when they first signalled their intention to explore a deeper partnership around electric buses. With global demand rising for cleaner public transportation, the timing appears deliberate.
Mitsubishi Fuso, which sells trucks, buses, and industrial engines worldwide, has more than 90 years of history. Daimler Truck owns roughly 89% of the company, with the remaining stake held by Mitsubishi Group firms.
For Foxconn, the deal is another step in its ongoing push beyond consumer electronics. Best known as Apple’s main iPhone assembler, the company has been expanding aggressively into new growth areas, including artificial intelligence servers and electric vehicles.
As cities look to cut emissions and modernize transit fleets, the new joint venture is positioning itself to be part of that shift.
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