Person

Kunihiko Kaga

1. Hon Hai to take 50% of Mitsubishi Electric Mobility for ¥115 billion in EV and autonomy tie-up

   Mitsubishi Electric said on Oct 19 it would let Taiwan contract manufacturer Hon Hai Precision take a stake in wholly owned subsidiary Mitsubishi Electric Mobility for cooperation on electric vehicles and autonomous driving. Mitsubishi Electric will transfer 50% of the unit to Hon Hai for ¥115 billion by October 2027, after which each will hold half and the unit will leave Mitsubishi Electric's consolidated accounts. Vice-president Kunihiko Kaga told a Tokyo press conference the goal is ¥1 trillion in sales by fiscal 2030; Hon Hai EV chief strategy officer Jun Seki said Mitsubishi's electronic-control and software strengths would complement Hon Hai.

   Oct 19, 2026 Afternoon