Foxconn, the world’s largest contract electronics manufacturer, is set to take a 50% ownership stake in Mitsubishi Electric Mobility, signaling a major expansion into the automotive sector. The move follows growing industry trends toward electrification and connectivity, positioning Foxconn as a key player in vehicle manufacturing beyond its traditional electronics supply chain. Mitsubishi Electric Mobility, known for its expertise in electric vehicle components and autonomous driving technology, will benefit from Foxconn’s extensive production capabilities and global supply network. The partnership could accelerate innovation in next-generation automotive solutions, blending Foxconn’s manufacturing scale with Mitsubishi’s technical specialization.
Foxconn to acquire 50% stake of Mitsubishi Electric Mobility WardsAuto
