Energy · 3 views
Foxconn pays $727M for half of Mitsubishi Electric’s car parts unit in EV push
Foxconn is paying $727M for 50% of Mitsubishi Electric Mobility, a Tier 1 supplier of alternators, inverters and radar, to push its EV ambitions.
Energy 
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Summary
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.
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