# 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.

- Type: Acquisition
- Announced: 2023-07-25
- Where: Germany
- Value: $1.10B (1.00B EUR)
- Status: announced
- Products: passenger car axle systems, chassis modules
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [ZF](https://endata.com/companies/5885.md) (target)
- [Foxconn](https://endata.com/companies/15170.md) (acquirer)
- [ZF Chassis Modules GmbH](https://endata.com/companies/71583.md) (target)

## Sources

- [evspecifications.com](https://www.evspecifications.com/en/news/bbdc80c), 2023-07-25: "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)."

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