EVsElectrekabout 1 hour ago
Foxconn Buys Half of Mitsubishi Electric Auto Unit
5 min read
Foxconn pays $727 million for a 50% stake in Mitsubishi Electric Mobility, closing on October 1, 2027. The deal values the business at $2 billion to develop EV platforms in Japan, targeting $6.3 billion in revenue by 2030. Foxconn aims to combine Mitsubishi's control tech with its own scale.
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