Cars · 1 sources covering this

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

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 from alternators and ignition coils to radar sensors, with a smaller electric powertrain business attached. more…

Share:X WhatsApp Reddit Facebook LinkedIn Open ↗

Coverage spectrum

1 L · 0 C · 0 R

How 1 sources are covering this

ElectrekLean L·1h ago
Foxconn pays $727M for half of Mitsubishi Electric’s car parts unit in EV push
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 from alternators and ignition coils to radar sensors, with a smaller electric powertrain business attached. more…
Read at Electrek →

Embed this bias spectrum on your site

Paste this iframe wherever you'd like the widget to appear. Resizes responsively; no JS required.

<iframe
  src="https://statesidedaily.com/embed/cluster/05bb62b29024d15bc550351e001876fbd7e97187"
  width="100%" height="320"
  style="border:0;max-width:680px"
  loading="lazy"
  title="Foxconn pays $727M for half of Mitsubishi Electric&#8217;s car parts unit in EV push"></iframe>

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

How 1 sources are covering this