Foxconn and Mitsubishi Electric Explore Automotive Partnership Under New MOU
Foxconn and Mitsubishi Electric have signed an MOU to explore a partnership in automotive equipment, with reports suggesting Foxconn may acquire a 50% stake in Mitsubishi Electric’s mobility unit. The deal reflects Foxconn’s push to expand in the EV sector while strengthening its global supply chains across more than 20 countries amid geopolitical and supply risks.
