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Hon Hai Aims to Secure 50% Ownership in Mitsubishi Electric Mobility with Investment Capped at JPY 115 Billion
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Author：小编
On October 16, Hon Hai revealed that its affiliate, Li Yi International Investment, intends to purchase a 50% share in Mitsubishi Electric Mobility, with the investment not exceeding JPY 115 billion, and the funds will be sourced from its internal reserves. This deal is contingent upon certain conditions, including regulatory clearance, and the ultimate investment figure will be fine-tuned according to the financial statements prepared on the transaction's completion date. Earlier, both entities expressed their commitment to collaboratively managing the automotive equipment sector, capitalizing on their unique strengths in areas such as electrification, autonomous driving technologies, and software-defined vehicle solutions.
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