Foxconn, Japan's Mitsubishi Fuso to form electric bus joint venture

Japan’s Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Hon Hai Technology Group (Foxconn) announced plans to establish a new bus OEM in Japan from the second half of 2026, focusing on zero-emission buses.

The joint venture aims to combine FUSO’s bus design and manufacturing expertise with Foxconn’s electric vehicle technology and global network.

The company will be based in Kawasaki and will develop electric buses at FUSO’s Toyama plant, continuing to produce diesel models.

The new entity will prioritize rapid development and deployment of EV buses for domestic and international markets, while maintaining existing ICE offerings.

The partnership is subject to regulatory approval and shareholder agreements, with a target to finalize by the second half of 2026.

The collaboration builds on a memorandum of understanding signed earlier, aiming to accelerate Japan’s transition to clean mobility and digitalized transportation solutions.

🔗 Source: Foxconn

🧠 Food for thought

Implications, context, and why it matters.

Key details of the FUSO-Foxconn bus venture remain undisclosed

The full financial setup has not been shared, including the final equity split and the total capital each partner will commit [News Article].
A Foxconn unit’s ¥9.25 billion share purchase in Mitsubishi Fuso Bus Manufacturing has been disclosed, yet any link to the new standalone bus company’s valuation remains unclear 1.
The Toyama plant’s production capacity has not been stated, and no start date has been given for buses based on Foxtron’s MODEL T and MODEL U platforms [News Article].

The plan could create an opening for depot charging providers, but timing is not confirmed

Charging infrastructure and energy management firms may track the deal process since MFTBC and Foxconn plan to close the transaction in the second half of 2026, yet the date for electric bus production remains unstated [News Article].
Japan also has a policy goal to double the EV charger target from 150,000 ports to 300,000 ports by 2030, though this target covers EV charging overall rather than commercial fleets 2.
Depot charging providers could approach municipal transit agencies or private operators that may buy FUSO-branded electric buses, pairing charging plus energy-management services with subsidy programs in a market that IMARC (a market research firm) forecasts to reach about $24.8 billion by 2034 3.