In Pictures: Foxconn buys 50% stake in Mitsubishi Electric Mobility for $727M to build Japan EV platforms

Foxconn's ¥115 billion deal with Mitsubishi Electric aims to pair Japanese powertrain expertise with its own manufacturing scale.

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The partnership targets Japanese automakers first, with plans to market EV platforms globally afterward.

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The $727 million acquisition marks Foxconn's largest push yet into the electric vehicle business.

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Mitsubishi Electric Mobility brings vehicle control and software technology to the joint venture.

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Foxconn hopes its speed and scale can shorten development cycles for next-generation EV platforms.

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The deal reflects growing demand for electrified components across the automotive supply chain.

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Combining the two firms' strengths could reshape how EV platforms are sourced in Japan.

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Foxconn's manufacturing reach spans electronics and heavy industry, underpinning its EV ambitions.

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The joint venture is expected to supply platforms to multiple automakers rather than a single brand.

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