Foxconn and Mitsubishi Electric finalize strategic alliance for automotive equipment joint venture

Foxconn's subsidiary Lin Yin will acquire a 50% stake in Mitsubishi Electric Mobility for JPY 115 billion, with the joint operation expected to close on October 1, 2027.

“Mitsubishi Electric will transfer to Lin Yin 50% of its stake in Mitsubishi Electric Mobility Co., Ltd.”foxconn.com

• 5 sources
• foxconn.comHon Hai Precision Industry (Foxconn) and Mitsubishi Electric Reach Final Agreement on Strategic Alliance for Joint Operation of Automotive Equipment Business - Hon Hai Technology GroupOct 16, 2026
• foxconn.com.twHon Hai Precision Industry (Foxconn) and Mitsubishi Electric Reach Final Agreement on Strategic Alliance for Joint Operation of Automotive Equipment Business - 鴻海科技集團Oct 16, 2026
• electrek.coFoxconn pays $727M for half of Mitsubishi Electric's car parts unit in EV pushFred LambertOct 19, 2026
• autonews.gasgoo.comHon Hai to Acquire 50% Stake in Mitsubishi Electric Mobile for 115 Billion Yen, Jointly Operate Automotive Equipment Business | GasgooEdited by BettyOct 31, 2026
• autonews.gasgoo.com

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