Foxconn, the world’s largest contract electronics manufacturer, has acquired a significant minority stake in a subsidiary of Mitsubishi Electric specializing in electric vehicle components. The deal highlights the tech giant’s push into the burgeoning EV supply chain, leveraging Mitsubishi Electric’s expertise in power semiconductors and battery systems. Industry analysts suggest the partnership could strengthen Foxconn’s position in high-value automotive electronics amid rising global demand for electric vehicles. The move follows Foxconn’s earlier forays into vehicle production and underscores its strategy to diversify beyond traditional hardware manufacturing.
Foxconn Buys $727 Million Stake in Mitsubishi Electric Unit Making EV Parts Bloomberg.com
