Mitsubishi Electric to sell 50% stake in auto parts unit to Foxconn

Nikkei Asia | March 17, 2026, 6:56 a.m. | Original

TOKYO -- Mitsubishi Electric has decided to accept an investment from Taiwan's Hon Hai Precision Industry, or Foxconn, in its automotive parts subsidiary, sources told Nikkei. The aim is to enhance its market edge given Foxconn's strong price competitiveness.

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