# Mitsubishi Electric and Aisin plan joint venture for EV components

Mitsubishi Electric and auto parts supplier Aisin plan to set up a joint venture for electric and hybrid vehicle components. Mitsubishi Electric will hold a majority stake, aiming to leverage scale for more efficient R&D as price competition intensifies.

- Type: Partnership
- Announced: 2024-05-24
- Status: announced
- Products: electric and hybrid vehicle components, energy-saving inverters
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Mitsubishi Electric](https://endata.com/companies/2378.md) (partner)
- [Aisin](https://endata.com/companies/5961.md) (partner)

## Sources

- [asia.nikkei.com](https://asia.nikkei.com/business/automobiles/mitsubishi-electric-and-aisin-to-launch-ev-parts-joint-venture), 2024-05-23: "Mitsubishi Electric and auto parts supplier Aisin plan to set up a joint venture for electric and hybrid vehicle components."

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