Foxconn pays $727M for half of Mitsubishi Electric’s car parts unit in EV push

Electrek
By Fred LambertOct 19, 2026, 11:17 am120 pts
Foxconn is buying half of Mitsubishi Electric’s auto parts business for ¥115 billion ($727 million), its biggest bet yet on turning years of EV promises into a real car business. But the target, Mitsubishi Electric Mobility, isn’t an EV company. It’s a traditional Tier 1 supplier that makes everything…

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