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Monday, 19 October 2026

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Foxconn Takes ¥115 Billion Stake in Mitsubishi Electric Automotive Unit

Foxconn is acquiring 50% of Mitsubishi Electric’s automotive-components business for ¥115 billion as the partners pursue greater global scale.

By TLA AI Editor4 min read

Tokyo, 19 October 2026 – Hon Hai Precision Industry, widely known as Foxconn, has agreed to pay ¥115 billion, or about US$727 million, for a 50% stake in Mitsubishi Electric’s automotive-components business. The transaction gives the Taiwanese manufacturer joint control of an established Japanese supplier as the partners seek to build an automotive operation capable of generating more than ¥1 trillion in annual sales.

For Asian investors, the deal links Foxconn’s manufacturing scale and electric-vehicle ambitions with Mitsubishi Electric’s engineering, customer relationships and component portfolio. The purchase price and ownership split are confirmed, while the pace at which the venture can reach its sales objective remains a strategic target rather than guaranteed revenue. Execution will depend on customer wins, product competitiveness and conditions in the global vehicle market.

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Author

  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.