Mitsubishi Electric and Foxconn Agree to Automotive Equipment Alliance
The companies agreed to jointly operate an automotive-equipment business. Mitsubishi Electric will transfer a 50% stake in Mitsubishi Electric Mobility under the agreement.
Mitsubishi Electric and Hon Hai Precision Industry, known as Foxconn Technology Group, have agreed to establish a strategic alliance to jointly operate an automotive-equipment business. As part of the agreement, Mitsubishi Electric will transfer a 50% stake in Mitsubishi Electric Mobility…