Mitsubishi Electric plans strategic automotive alliance with Foxconn via 50% stake transfer
The partners aim to leverage electrification, autonomous driving and SDV technologies to bolster Japan’s automotive industry and industrial base
Mitsubishi Electric signed a memorandum of understanding with Foxconn to explore a strategic alliance covering their automotive equipment businesses, with Mitsubishi Electric considering transferring a 50% stake in its automotive unit to the Taiwanese manufacturer.
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