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Hon Hai and Mitsubishi Electric to jointly operate automotive equipment business, collaborating to create an electric vehicle platform
The Block
51m ago
Ai Focus
Hon Hai announced on October 16 that it will officially sign a strategic alliance with Mitsubishi Electric to jointly operate the automotive equipment business. According to the agreement, Mitsubishi Electric Mobility Corporation will become a joint venture in which Hon Hai indirectly holds a 50% stake. The transaction amount is estimated to be 115 billion yen, and completion is expected to occur on October 1, 2027.
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News from the IT Home on October 19th: Hon Hai announced on the 16th of this month that it will officially sign a strategic alliance with Mitsubishi Electric to jointly operate the automotive equipment business.

According to the agreement signed by both parties, Mitsubishi Electric Mobility Corporation, which is responsible for automotive equipment under Mitsubishi Electric, will become a joint venture in which Hon Hai indirectly holds a 50% stake.

The estimated amount for this equity transfer transaction is 115 billion yen (IT Note: The current exchange rate is approximately 4.872 billion RMB). It is still necessary to meet the relevant conditions. Once all conditions are satisfied, the transaction is expected to be completed on October 1, 2027.

Both parties will combine Mitsubishi Electric's technology and R&D capabilities in areas such as electric power systems, software, and vehicle control, with Hon Hai's strengths in speed, scale, and market implementation, to jointly create a high-quality electric vehicle platform (infrastructure) of Japanese origin, and work together to promote the widespread adoption and development of next-generation mobility solutions.

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