Foxconn, the world’s largest contract electronics manufacturer, is set to acquire a 50% stake in Mitsubishi Electric’s automotive division in a deal valued at 115 billion yen. The move marks a significant expansion into the electric vehicle supply chain, leveraging Mitsubishi Electric’s expertise in vehicle electrification and power electronics. The partnership aims to strengthen Foxconn’s position in the growing EV market, combining manufacturing capabilities with advanced automotive technology. Industry analysts suggest this collaboration could accelerate innovation in battery systems and charging infrastructure.
Foxconn to Buy Half of Mitsubishi Electric’s Car Unit for 115 Billion Yen Electric Vehicles
