Foxconn is set to take a controlling 50% stake in Mitsubishi Electric Mobility, marking a major expansion into the electric vehicle supply chain. The deal, valued at approximately 115 billion yen, underscores Foxconn’s push to strengthen its position in automotive manufacturing and battery production. Mitsubishi Electric Mobility, a subsidiary of Mitsubishi Electric, specializes in electric vehicle components and battery systems, aligning with Foxconn’s ambitions in the EV sector. Industry analysts suggest this partnership could accelerate innovation in vehicle electrification and supply chain integration.
Foxconn to acquire 50% stake in Mitsubishi Electric Mobility for Y115bn Just Auto
