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  • 9 hours ago
Foxconn and Mitsubishi Electric have signed an MOU to explore a partnership in automotive equipment, with reports suggesting Foxconn may acquire a 50% stake in Mitsubishi Electric’s mobility unit. The deal reflects Foxconn’s push to expand in the EV sector while strengthening its global supply chains across more than 20 countries amid geopolitical and supply risks.

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00:00Taiwan and Japan's electronics giant Foxconn and Mitsubishi Electric have signed an MOU
00:05to explore a strategic partnership in automotive equipment. This move involved Foxconn acquiring
00:11a 50 percent stake in Mitsubishi Electric's mobility unit. The ongoing deal signals collaboration
00:17and expansion in the automotive and EV sectors. Foxconn has been securing its supply chains in
00:23over 20 countries to offset the impact of the conflict in the Middle East on energy
00:28and raw material supplies.
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