# 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.

- Type: Acquisition
- Announced: 2026-10-19
- Where: Japan
- Value: $727.0M
- Status: announced
- Products: EV platforms, power electronics, autonomous driving systems, inverters, electronic control units, alternators
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Mitsubishi Electric](https://endata.com/companies/2378.md) (target)
- [Foxconn](https://endata.com/companies/15170.md) (acquirer)
- [Mitsubishi Electric Mobility Corporation](https://endata.com/companies/77631.md) (target)

## Sources

- [automotiveworld.com](https://www.automotiveworld.com/news/foxconn-buys-into-mitsubishi-electrics-ev-parts-business/), 2026-10-19: "What attracted us most was the electronic-control technology, and the substantial software resources behind them."

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