50-50 venture to combine Taiwan maker's scale and speed with Japanese company's tech
The Foxconn and Mitsubishi Electric partnership comes as Chinese EV makers rapidly expand their presence in the automotive market that has long been dominated by Japanese and German automakers. (Source photos by Suzu Takahashi and Kazuho Fujiwara)
MITSURU OBE
October 19, 2026 13:13 JST
TOKYO -- Taiwanese electronics manufacturer Foxconn and Japan's Mitsubishi Electric aim to build a global electric vehicle platform business through a 50-50 joint venture, the two companies said on Monday, marking a major cross-border partnership in the rapidly growing automotive segment.