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Yesterday
Foxconn buys 50% stake in Mitsubishi Electric Mobility for $727M to build Japan EV platforms
Foxconn is acquiring half of Mitsubishi Electric's automotive parts unit for ¥115 billion ($727 million), marking its biggest bet yet on becoming a real EV player. The partners plan to combine Mitsubishi's powertrain, software and vehicle control technology with Foxconn's speed and scale to sell EV platforms to Japanese automakers and then globally.
Priya Sharma