# Foxconn x Mitsubishi Electric (Mitsubishi Electric Mobility JV): partnership

Canonical ID: `a688326f-aac7-4076-ac9b-d495bb1ed349`

Foxconn's investment arm Lin Yin International Investment agreed to buy 50% of Mitsubishi Electric Mobility, Mitsubishi Electric's automotive equipment unit, for about JPY 115.0B (enterprise value JPY 320.0B). The two will jointly run it to develop EV platforms in Japan. Closing is expected Oct 1 2027, subject to antitrust approvals.

- **Type:** joint venture
- **Status:** announced
- **Verification posture:** reported (press-release-only)

## Parties (2)

- [Foxconn (Hon Hai)](https://registry.deploy.report/companies/foxconn.md) investor partner
- [Mitsubishi Electric Corporation](https://registry.deploy.report/companies/mitsubishi-electric.md) co developer

## Timeline

- **Announced:** 2026-10-16

## Sources (1)

1. https://www.honhai.com/en-us/press-center/press-releases/latest-news/2124


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