Search results for Mitsubishi Electric
Industry
Tesla\'s next-generation Roadster draws attention as Foxconn targets Japan
Tesla\'s next-generation Roadster is drawing attention for a flashy unveiling and talk of a 10-minute charge battery and compressed-air self-charging. Social media parodies have spread, but questions remain about specifications, feasibility and commercial viability, including Tesla\'s stance that it cannot guarantee delivery to reservation holders. The article also notes shifts in China\'s auto market, overseas pushes by Chinese EV makers, Korean mobility initiatives, and Japan-focused moves by Foxconn and Toyota.
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.
AI & Enterprise
Tulip raises $120 million in Series D funding, says it can replace MES
Manufacturing automation software company Tulip raised $120 million in Series D funding, SiliconANGLE reported on Jan. 15. The funding values the company at $1.3 billion, putting it in the unicorn category. Mitsubishi Electric, which formed a strategic partnership with Tulip last year, led the round. Tulip provides a cloud-based no-code platform aimed at digitalising production processes, connecting workers and equipment and supporting applications, data tools, system integrations and quality assurance features.
