Foxconn, Mitsubishi Electric finalise alliance for automotive equipment business

What happened

According to a report dated November 11, 2026, Lin Yin, an investment management subsidiary of Foxconn, and Mitsubishi Electric announced that they have formalised a strategic alliance for the joint operation of an automotive equipment business, aiming to develop next-generation mobility and thereby strengthen the sustainable growth of the Japanese automotive industry. Under the agreement, Mitsubishi Electric will transfer to Lin Yin 50% of its stake in Mitsubishi Electric Mobility, which handles Mitsubishi Electric's automotive equipment business, after which the two co-owners will jointly operate the company. The share transfer price is expected to be JPY 115.0 billion; the share transfer agreement establishes an enterprise value of JPY 320.0 billion and an equity value of JPY 230.0 billion for the target business, with the transfer price corresponding to a 50% stake based on the equity value. Subject to the satisfaction of contractual conditions, including obtaining required approvals and clearances from relevant authorities under competition laws and other applicable laws and regulations, the share transfer is expected to be completed in October 2027. The joint-operating arrangement will combine Mitsubishi Electric Mobility's technological and developmental capabilities, particularly in electric powertrains, software and vehicle control, with Foxconn's speed, scale and other strengths in market deployment.

Impact and signal

Affected components and suppliers

Source and time

Source: Evertiq · 11/10/2026 · View original source