# Foxconn and Mitsubishi Electric finalize automotive equipment alliance

Foxconn's subsidiary Lin Yin will acquire a 50% stake in Mitsubishi Electric Mobility for JPY 115 billion, forming a joint venture to operate the automotive equipment business. The share transfer is expected to close in October 2027.

- Type: Partnership
- Announced: 2026-11-11
- Where: Japan
- Value: $770.0M (115.0B JPY)
- Status: announced
- Products: automotive equipment, electric powertrains
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Mitsubishi Electric](https://endata.com/companies/2378.md) (partner)
- [Foxconn](https://endata.com/companies/15170.md) (partner)
- [Mitsubishi Electric Mobility Corporation](https://endata.com/companies/77631.md) (target)
- [Lin Yin](https://endata.com/companies/95748.md) (investor)

## Sources

- [evertiq.com](https://evertiq.com/news/2026-11-11-foxconn-mitsubishi-electric-finalize-alliance-for-automotive-equipment-business), 2026-11-11: "The joint-operating arrangement will combine Mitsubishi Electric Mobility’s technological and developmental capabilities with Foxconn’s speed, scale and other strengths."

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