Industry
Foxconn to buy 50% stake in Mitsubishi Electric Mobility in bid for Japan EV platform
Taiwan\'s Foxconn is buying a 50% stake in Mitsubishi Electric\'s automotive parts business to expand its electric-vehicle push. Hon Hai Precision Industry, through investment unit Lin Yin International Investment, signed a final agreement to acquire 50% of Mitsubishi Electric Mobility for 115 billion yen. The deal values the business at 320 billion yen and is due to close on Oct. 1, 2027, after regulatory reviews.
