Global EV News
Daily EV news · Global · 26 October 2026
Stories
Electric Vehicles
Mitsubishi Fuso and Foxconn to launch 50-50 bus joint venture on 2 November
Mitsubishi Fuso Truck and Bus Corporation and Foxconn have announced their new bus manufacturing joint venture, Fuso Bus, will begin operations on 2 November 2026, subject to transaction closing. The venture will be owned equally at 50% each, with headquarters in Kawasaki, Japan, and production at the existing Mitsubishi Fuso Bus Manufacturing facility in Toyama. Fuso Bus will develop, manufacture, sell and provide after-sales services for both internal combustion engine and zero-emission buses for domestic and international markets, with Katsuto Kora designated as Representative Director and CEO and Junichi Yamamoto as CFO.
Why it matters
The joint venture signals a major manufacturing partnership between an established commercial vehicle maker and a global electronics manufacturer entering the zero-emission bus market, potentially expanding production capacity and technology integration for electric bus fleets. For procurement teams and operators, this could mean new supply chain options and competitive pricing in both domestic Japanese and international bus markets from November 2026.
BYD launches Seagull 2 in China with 5 minute recharge and sub $10,000 price, European rollout expected
BYD has begun selling the second generation Seagull electric city car in China, priced from 65,900 yuan (approximately $9,900) and dropping to 62,900 yuan (around €9,000) with trade in support. The model, sold in Europe as the Dolphin Surf, now features 5 minute Flash charging technology and rear wheel drive, with five variants spanning 65,900 to 99,900 yuan (roughly €9,000 to €14,000). The new generation is larger and better equipped than the first generation, which started at 69,900 yuan (about €10,000).
Why it matters
A sub $10,000 EV with 5 minute charging capability sets a new benchmark for affordable electric mobility and signals intensifying pressure on European charging networks to support ultra rapid charging infrastructure. If BYD brings this specification to Europe, CPOs may need to accelerate deployment of higher power chargers to meet consumer expectations shaped by Chinese market offerings.