# 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.

- Type: Acquisition
- Announced: 2026-10-16
- Where: Japan
- Value: $770.0M (115.0B JPY)
- Status: announced
- Products: electric powertrains, software, vehicle control, electric-vehicle platforms
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Mitsubishi Electric](https://endata.com/companies/2378.md) (partner)
- [Mitsubishi Electric](https://endata.com/companies/2378.md) (target)
- [Hon Hai Precision Industry Co., Ltd.](https://endata.com/companies/17449.md) (acquirer)
- [Mitsubishi Electric Mobility Corporation](https://endata.com/companies/77631.md) (target)
- [Mitsubishi Electric Mobile Co., Ltd.](https://endata.com/companies/94814.md) (target)

## Sources

- [foxconn.com](https://www.foxconn.com/en-us/press-center/press-releases/latest-news/2124), 2026-10-16: "Mitsubishi Electric will transfer to Lin Yin 50% of its stake in Mitsubishi Electric Mobility Co., Ltd."
- [foxconn.com.tw](https://www.foxconn.com.tw/en-us/press-center/press-releases/latest-news/2124), 2026-10-16: "The alliance will translate advanced technologies and quality achieved through high-level Japanese manufacturing into new value for mobility."
- [electrek.co](https://electrek.co/2026/10/19/foxconn-mitsubishi-electric-mobility-50-percent-stake-ev-push/), 2026-10-19: "Foxconn is buying half of Mitsubishi Electric's auto parts business for ¥115 billion ($727 million), its biggest bet yet on turning years of EV promises into a real car business."
- [autonews.gasgoo.com](https://autonews.gasgoo.com/articles/news/hon-hai-to-acquire-50-stake-in-mitsubishi-electric-mobile-for-115-billion-yen-jointly-operate-automotive-equipment-business-2116418656350920704), 2026-10-31: "Hon Hai plans to acquire a 50% stake in Mitsubishi Electric Mobile Co., Ltd. through its investment arm, Lin Yin."
- [autonews.gasgoo.com](https://autonews.gasgoo.com/articles/market-industry/hon-hai-to-acquire-50-stake-in-mitsubishi-electric-mobile-for-115-billion-yen-jointly-operate-automotive-equipment-business-2116418656350920704), 2026-10-31: "Hon Hai plans to acquire a 50% stake in Mitsubishi Electric Mobile Co., Ltd. through its investment arm, Lin Yin."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.