FPT Signs MoU with Mitsubishi Motors on IT, Software, AI; Eyes Joint Venture

Overview

FPT Corporation (FPT) has signed a Memorandum of Understanding (MoU) with Mitsubishi Motors Corporation, a Japanese multinational automaker, to collaborate on IT services, software development, and AI technologies. The agreement also includes exploring the formation of a joint venture in the future. This partnership positions FPT to deepen its footprint in Japan’s automotive technology sector.

Key Facts

• FPT and Mitsubishi Motors signed an MoU covering IT services, software development, and AI-related technologies.
• The two parties are evaluating the possibility of establishing a joint venture.
• FPT has 5,000 employees working directly in Japan across 18 offices and research centers.
• FPT’s global team of 18,000 experts serves over 450 clients worldwide.
• FPT established a dedicated automotive technology subsidiary in 2023.
• FPT has over 5,000 automotive software engineers globally.
• FPT holds international certifications including ISO 26262, ISO/SAE 21434, A-SPICE Level 3, and TISAX.

What Happened

FPT announced the signing of an MoU with Mitsubishi Motors, a member of the Renault-Nissan-Mitsubishi Alliance. The agreement aims to advance cooperation in digital technology and software, leveraging FPT’s AI and digital capabilities alongside Mitsubishi’s automotive manufacturing experience. The companies expect to drive significant progress in developing next-generation vehicles.

FPT Chairman Truong Gia Binh stated that Japan is pursuing a vision based on advanced technologies such as AI, quantum computing, regenerative medicine, and marine robotics. He emphasized FPT’s commitment to accompanying leading Japanese corporations in their transformation journey. Mitsubishi Motors CEO Takao Kato expressed confidence that combining Mitsubishi’s automotive experience with FPT’s technology and high-quality workforce would open new business opportunities for both sides.

Market Context

FPT shares closed at VND 70,700 on May 13, 2026, up 0.14% with a volume of 11.5 million shares. The stock trades on HOSE. FPT has established a strong position in Japan, becoming one of the largest foreign-invested technology companies in the country. The partnership with a major automaker like Mitsubishi Motors could further strengthen FPT’s automotive software segment, which already employs over 5,000 engineers globally.

Strategic Significance

This MoU represents a strategic expansion of FPT’s automotive technology business, building on its existing capabilities and certifications. By partnering with a global automaker like Mitsubishi Motors, FPT gains a potential long-term client and a platform to showcase its AI and software expertise in the automotive sector. The potential joint venture could create a dedicated entity to serve Mitsubishi’s digital transformation needs, deepening the relationship and generating recurring revenue. This aligns with FPT’s strategy to grow its high-value services and expand its presence in Japan, a key market.

What to Watch

• Progress on the potential joint venture formation and any definitive agreements.
• New contracts or project wins from Mitsubishi Motors in the coming quarters.
• FPT’s automotive software revenue growth and margin trends in upcoming earnings reports.
• Any additional partnerships with other automakers in the Renault-Nissan-Mitsubishi Alliance.
• FPT’s ability to scale its automotive engineering team and maintain certifications.