Foxconn to acquire 50% stake in ZF Chassis Modules GmbH

Foxconn (Hon Hai Technology Group) will acquire a 50-percent stake in ZF Chassis Modules GmbH, a unit of ZF Group that bundles passenger car axle systems assembly, with an enterprise value of approximately €1 billion (about US$1.1 billion). The partnership aims to expand product offerings in ICE and EV spaces.

“Foxconn (Hon Hai Technology Group) will acquire a 50-percent stake in ZF Chassis Modules GmbH, a unit of ZF Group which bundles the passenger car axle systems assembly and has an enterprise value of approximately €1 billion (approximately US$1.1 billion).”evspecifications.com

• 1 source
• evspecifications.comZF Group and Foxconn partner in passenger car chassis systemsJul 25, 2023

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