Deals·October 19, 2026 at 1:13 AM EDT·2 sources
Foxconn Buys Stake in Mitsubishi Electric Unit Making EV Parts
stake, log scale$727M
$100M$1B$10B$100B
What happened
- Hon Hai Precision Industry will pay ¥115 billion ($727 million) for a 50% stake in Mitsubishi Electric’s automotive-components unit.
- The companies aim to develop the unit into a business with more than ¥1 trillion in sales.
Transaction value
¥115 billion ($727 million)
Stake acquired
50%
Target sales
more than ¥1 trillion
Why it matters
The transaction expands Hon Hai’s role in EV components and gives Mitsubishi Electric a partner to scale its automotive business. It is relevant to industrials and corporate-finance professionals tracking EV supply-chain consolidation.
Deal terms
stake
Hon Hai Precision Industry Co. → Mitsubishi Electric Corp.’s automotive-components unit
Value
$727M
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Timeline
- First reported by BloombergOct 19Foxconn Buys Stake in Mitsubishi Electric Unit Making EV Parts
- Techmeme reportsOct 19Foxconn agrees to acquire a 50% stake in Mitsubishi's automotive components unit for ~$727M; Mitsubishi will provide autonomous tech for Foxconn's EV platforms (Reed Stevenson/Bloomberg)
Who is involved
stake inFoxconn Buys Stake in Mitsubishi Electric Unit Making EV PartsMitsubishi Electric Corp.’s automotive-components unittargetHon Hai Precision Industry Co.buyer
CompanyThe deal
Sources (2)
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