Foxconn to acquire 50% stake in Mitsubishi Electric Mobility for $727M

Foxconn will pay JP¥115bn ($727M) to take a 50% stake in Mitsubishi Electric's automotive components unit, Mitsubishi Electric Mobility, creating a joint venture to supply EV platforms, power electronics and autonomous driving systems. The deal is expected to complete in October 2027.

“What attracted us most was the electronic-control technology, and the substantial software resources behind them.”automotiveworld.com

• 1 source
• automotiveworld.comFoxconn buys into Mitsubishi Electric's EV parts business | Automotive WorldStewart BurnettOct 19, 2026

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