Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Hon Hai Precision Industry Co., Ltd., better known as Foxconn, have confirmed the start date for their new bus joint venture. FUSO BUS Co., Ltd. is planned to begin operations on 2 November 2026, subject to closing. The two companies first announced the joint venture on 22 January 2026.

What is it?

FUSO BUS is a 50:50 joint venture between MFTBC and Foxconn. It will handle the development, manufacturing, sales and after-sales service of buses for Japan and international markets, covering both internal combustion engine (ICE) buses and zero-emission vehicle (ZEV) buses. The company will be headquartered in Kawasaki, Kanagawa Prefecture, and its production base will be the current Mitsubishi Fuso Bus Manufacturing plant in Toyama City.

Key facts	FUSO BUS Co., Ltd.
Joint venture announced	22 January 2026
Start of operations	2 November 2026 (subject to closing)
Ownership	MFTBC 50% / Foxconn 50%
Headquarters	Kawasaki, Kanagawa, Japan
Production	Toyama City, Toyama, Japan
Products	ICE and zero-emission buses
CEO	Katsuto Kora
Website	fusobus.com (live from 2 Nov)

Who will run it?

Katsuto Kora, currently Head of Mitsubishi Fuso Bus at MFTBC and Chairman of Mitsubishi Fuso Bus Manufacturing, is set to become Representative Director and CEO. Junichi Yamamoto, Senior Manager for Fuso Bus Business Strategy at MFTBC, will serve as CFO.

The board will include five non-executive directors drawn from both partners. From Foxconn: Jun Seki, Chief Strategy Officer of the EV business; Philip Huang, Head of the Strategic Controlling Division; and Sam Kung, Head of Strategy Finance. From MFTBC: Xiaohui Du, CFO and Head of Financial and Controlling; and Patrick Burghardt, Head of Operations Trucks and Buses. All appointments take effect on 2 November 2026, subject to closing and the necessary approvals.

The partners

Mitsubishi Fuso, led by President and CEO Franziska Cusumano, is part of the ARCHION Group and sells its trucks and buses in around 170 countries and regions, with production sites in Japan and Portugal. Foxconn, chaired by Young Liu, is the world’s largest electronics manufacturer, with more than 40% of the global EMS market, 2025 revenue of around TWD 8.1 trillion (about USD 260 billion), more than 240 campuses in 24 countries and around 900,000 employees at peak.

Why it matters

Foxconn has spent the past few years building up its EV business, and FUSO BUS gives it a direct route into commercial vehicles through one of Japan’s established bus makers. For Mitsubishi Fuso, the partnership brings in Foxconn’s scale in electronics and EV platforms just as public transport operators move towards zero-emission fleets. The fact that Jun Seki, Foxconn’s EV strategy chief, sits on the board shows that electric buses will be central to the new company’s plans.

News Courtesy: Mitsubishi Fuso Truck and Bus Corporation