GoKawiilFoxconn to pay $727 million for 50% stake in Mitsubishi Electric Mobility
Foxconn has agreed to acquire a 50% stake in Mitsubishi Electric's automotive equipment unit, Mitsubishi Electric Mobility, for $727 million through its investment arm Lin Yin International Investment. The deal covers products like alternators, starters, radar sensors and powertrain equipment, but excludes Mitsubishi Electric's power-semiconductor business. The companies plan to combine their technologies to build EV platforms in Japan, targeting Japanese automakers first before expanding overseas, with closing expected in October 2027 pending regulatory approval.