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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 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, forming a 50-50 partnership.