Financial Literacy

Step Up Your Money Game.

Build your wealth confidence — saving, investing, and wealth-building explained in plain language.

Sponsored Post

Want to Be Part of the Conversation?

Sponsor a post on Serrari and have your brand share the spotlight with market insights our readers trust.

Sponsored

If Your Brand Had a Front-Row Seat to the Markets… This Is It.

Advertise on Serrari.

Advertise on Serrari

Thanks for your interest in advertising with Serrari Group! Fill out the form below to get our Rate Card and explore partnership opportunities.

Your first and last name
The brand or company you represent
Where we'll send the Rate Card and follow-up
Optional — helpful if you prefer a quick call
Optional — your company website
Select all that apply
Helps us recommend the right options
Anything else we should know?
Climate newsEvs

Mitsubishi Unveils ASX VR-e as First New EV in Over a Decade

Share
Mitsubishi unveils the ASX VR-e as its first new electric vehicle in more than a decade, marking a renewed push into the growing EV market.
Share

Mitsubishi Australia has confirmed the ASX VR-e as its first new battery-electric vehicle in more than a decade, marking the Japanese automaker’s return to Australia’s growing EV market. Based on the Foxtron Bria, the compact electric SUV will arrive in Australian showrooms in the fourth quarter of 2026 and will be offered in four grades: LS, Aspire, Exceed and GSR. Mitsubishi has yet to confirm Australian pricing and full specifications, but the model is expected to compete with similarly sized electric vehicles, including models from Chinese manufacturers.

Key Overview

  • Mitsubishi ASX VR-e will be the company’s first new battery-electric vehicle in Australia in more than a decade.
  • The EV is scheduled to arrive in Australian showrooms in Q4 2026.
  • It is based on the Foxtron Bria, developed by Taiwan’s Foxtron Vehicle Technologies.
  • Four grades will be offered: LS, Aspire, Exceed and GSR.
  • Australian pricing and full specifications have not yet been confirmed.
  • The model is expected to be available with single-motor rear-wheel drive or dual-motor all-wheel drive.
  • The vehicle is part of Mitsubishi Australia’s broader Momentum 2030 electrification strategy.

Mitsubishi Returns to Australia’s EV Market

Mitsubishi ASX VR-e marks the brand’s return to Australia’s EV market in Q4 2026. 

Mitsubishi Australia has confirmed that its first battery-electric vehicle in more than a decade will be called the Mitsubishi ASX VR-e, marking the company’s return to Australia’s battery-electric market.

The automaker was an early EV pioneer in Australia with the electric i-MiEV city hatch, which was sold locally between 2010 and 2012. Since then, Mitsubishi has focused heavily on plug-in hybrids, particularly the Outlander PHEV, while key Japanese rivals expanded their battery-electric offerings.

The ASX VR-e is scheduled to arrive in Australian showrooms in the fourth quarter of 2026.

Unlike the petrol-powered ASX currently sold in Australia, the new EV is based on the Foxtron Bria, a compact electric SUV developed by Taiwan’s Foxtron Vehicle Technologies.

ASX VR-e Based on Foxtron Bria

The Foxtron Bria measures 4315mm long, 1885mm wide, and 1535mm tall, with a 2800mm wheelbase.

The model was developed through Mitsubishi’s partnership with Taiwan’s Foxtron Vehicle Technologies, a joint venture between electronics company Foxconn and automaker Yulon.

The Bria began as the Model B concept, which was shown at Hon Hai Tech Day in October 2022, before launching as a production model in Taiwan in December 2025.

Foxtron has confirmed it will supply an EV model to Mitsubishi for markets including Australia and New Zealand.

The Mitsubishi version has also undergone local testing and development by Mitsubishi engineers, with Australia and New Zealand among its intended markets.

Four Grades Confirmed for Australia

Mitsubishi Australia has confirmed that the ASX VR-e will be offered in four model grades: LS, Aspire, Exceed and GSR.

Mitsubishi has released one exterior image and one interior image of the vehicle.

The exterior changes compared with the Foxtron version appear limited, with a small Mitsubishi logo, ‘MITSUBISHI’ badging and a tweaked daytime-running light signature.

The vehicle is also shown with an alloy wheel design not offered by Foxtron in Taiwan, where ‘FOXTRON’ badging is used across the nose.

VR-e Name Draws on Mitsubishi Heritage

The VR-e name pays homage to the Galant VR-4, the high-performance all-wheel-drive sedan introduced in Australia in 1990 and regarded as a predecessor to the Lancer Evolution.

Mitsubishi says the VR-e name references the 1987 to 2002 Galant VR-4, with VR-4 referring to its Viscous Realtime 4WD system.

However, the new ASX VR-e does not use a traditional mechanical all-wheel-drive system.

The vehicle is expected to be offered in single-motor rear-wheel-drive and dual-motor all-wheel-drive forms, although Mitsubishi has not yet confirmed which powertrains will be available in Australia.

Context is everything. Stay ahead of shifting trends with today’s market updates, and uncover emerging opportunities using the Serrari Group Market Index and Marketplace. Then, take control of your own financial future by exploring our Money & Life Reset Transformation Blueprint ™ to build stronger habits, create better systems, and design a path toward lasting wealth.

Pricing and Specifications Yet to Be Confirmed

Mitsubishi has not released Australian pricing for the ASX VR-e.

Market speculation has suggested a possible price range of between $40,000 and $50,000 before on-road costs, potentially positioning it against models such as the BYD Atto 2, Jaecoo J5 EV and GWM Ora 5. However, these figures remain unconfirmed.

The petrol-powered ASX currently ranges from $37,740 to $46,490 before on-road costs, although this pricing has only been used as a reference point for where the electric model could potentially sit.

Full Australian specifications are expected to be announced closer to launch.

Potential Performance and Battery Options

The vehicle has previously been linked to the Foxtron Bria, which in Taiwan is offered with a 57.7 kWh LFP battery.

In single-motor form, the Bria produces 171kW, while Foxtron’s official specification lists a 516 km NEDC range for the rear-wheel-drive model.

Foxtron also offers a higher-performance version of the vehicle, although Mitsubishi has yet to confirm which powertrains and specifications will be offered in Australia.

The original Foxtron Model B concept was also designed with aerodynamics in mind, with Foxconn claiming a drag coefficient of 0.26 for the concept.

Part of Mitsubishi’s Wider Electrification Strategy

The ASX VR-e represents more than Mitsubishi’s return to battery-electric vehicles in Australia. The company has positioned the model as part of its broader Momentum 2030 strategy.

Mitsubishi Australia said the vehicle joins an evolving multi-powertrain lineup designed and tuned with Australian lifestyles in mind, with the strategy expected to bring electrification to new models in the years ahead.

The company previously became one of the earliest established carmakers to sell a mass-produced electric vehicle in Australia through the i-MiEV, but subsequently concentrated more heavily on plug-in hybrid vehicles.

The ASX VR-e will therefore mark a return to the Australian battery-electric market when it arrives before the end of 2026.

Outlook

The Mitsubishi ASX VR-e marks the Japanese automaker’s return to Australia’s battery-electric vehicle market after more than a decade. Based on the Foxtron Bria, the new electric SUV will offer four grades and is expected to bring Mitsubishi back into competition in Australia’s expanding electric vehicle segment. While pricing and full specifications remain unconfirmed, the model’s expected arrival in the fourth quarter of 2026 will provide Mitsubishi with a new battery-electric offering as part of its broader Momentum 2030 electrification strategy.

FAQs

1. What is the Mitsubishi ASX VR-e?

The Mitsubishi ASX VR-e is a new compact battery-electric SUV that will be Mitsubishi Australia’s first new EV in more than a decade.

2. When will the ASX VR-e arrive in Australia?

The ASX VR-e is due in Australian showrooms in the fourth quarter of 2026.

3. How many ASX VR-e variants will Mitsubishi offer?

Mitsubishi Australia has confirmed four grades: LS, Aspire, Exceed and GSR.

4. How much will the Mitsubishi ASX VR-e cost?

Mitsubishi has not confirmed pricing. Market speculation suggests it could cost between $40,000 and $50,000 before on-road costs, but these figures are not official.

Sources: CarExpert, Drive, The Driven IO, Zecar

Your financial future isn’t something you wait for—it’s something you build.
The real question is: when do you begin?

Move beyond simply staying informed.
Navigate the markets with clarity—track trends through the Serrari Group Market Index, uncover opportunities in the Serrari Marketplace, and build practical knowledge with our Curated Wealth Builder Platform.

Stay connected to what truly matters.
Get daily insights on macro trends and financial movements across Kenya, Africa, and global markets—delivered through the Serrari Newsletter.


Growth opens doors.
Advance your career through professional programs including ACCA, HESI A2, ATI TEAS 7 , HESI EXIT  , NCLEX – RN and NCLEX – PN, Financial Literacy!🌟—designed to move you forward with confidence.

See where money is flowing—clearly and in real time.
Track Money Market Funds, Treasury Bills, Treasury Bonds, Green Bonds, and Fixed Deposits, alongside global and African indexes, key economic indicators, and the evolving Crypto and stablecoin landscape—all within Serrari’s Market Index.

Share
Share

Follow Us

Money & Life Transformation Blueprint
Build and grow
your wealth.
Stop Guessing With Your Money. Start Building Wealth With Confidence.
Know exactly how to grow your wealth in the next 12 months
Increase your savings & investments by 20–40% in 6 months
Build your first Ksh1 million portfolio with confidence
Stop guessing. Start compounding.
Turn Your Income Into Wealth
$4.99 /mo
Money & Life Transformation Subscribe Now →

Enjoying Serrari? Let others know!

School teaches you how to earn money, Serrari teaches you how to build wealth
Step up your money game.
Build your wealth confidence — saving, investing, and wealth-building explained in plain language.
Start your wealth builder journey
Daily Dispatch

Stay Ahead of the Money Market Fund (MMF), Bonds, Fixed Deposits and More.

Stop guessing with your money. Get market intelligence, investment insights, and wealth-building strategies — delivered weekly. Kenya, Africa, and global markets.

No spam 1 min weekly Free forever
Enjoying Serrari? Let others know!

Rate Serrari on Trustpilot

Your review helps us improve and helps others discover Serrari

Click below to share your experience with Serrari. It takes less than a minute, and your feedback means the world to us.

Write My Review

Explore more

Advertise on Serrari

Thanks for your interest in advertising with Serrari Group! Fill out the form below to get our Rate Card and explore partnership opportunities.

Your first and last name
The brand or company you represent
Where we'll send the Rate Card and follow-up
Optional — helpful if you prefer a quick call
Optional — your company website
Select all that apply
Helps us recommend the right options
Anything else we should know?

Speak to a Wealth and Financial Analyst

Get personalised investment guidance for your goals.

Speak to a Wealth and Financial Analyst →