Foxconn agrees to acquire a 50% stake in Mitsubishi's automotive components unit for ~$727M; Mitsubishi will provide autonomous tech for Foxconn's EV platforms (Reed Stevenson/Bloomberg)
Reed Stevenson / Bloomberg:
Foxconn agrees to acquire a 50% stake in Mitsubishi's automotive components unit for ~$727M; Mitsubishi will provide autonomous tech for Foxconn's EV platforms — Hon Hai Precision Industry Co. is paying ¥115 billion ($727 million) for a 50% stake in Mitsubishi Electric Corp.'s automotive-components unit …