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[Hon Hai acquires equity in Mitsubishi Electric’s electric vehicle parts business] On October 19th, Hon Hai Precision Industry Co., Ltd. will invest 115 billion yen ($727 million) to acquire a 50% stake in Mitsubishi Electric’s auto parts business, with the goal of building the business into a segment with revenue exceeding 1 trillion yen. The two companies held a press conference in Tokyo on Monday and said that Mitsubishi Electric will provide electric drive, autonomous driving and on-board intelligence related technologies to the electric vehicle platform developed by Hon Hai.
🕐 2026-10-19 13:23
#Autonomous driving #electric car
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