🌍✨ Foxconn pays $727M for half of Mitsubishi Electric’s car parts unit in EV push
Why we’re watching: Foxconn is buying half of Mitsubishi Electric’s auto parts business for ¥115 billion ($727 million), its biggest bet yet on turning years of EV promises into a real car business.
But the target, Mitsubishi Electric Mobility, isn’t an EV company. 💚
It’s a traditional Tier 1 supplier that makes everything from alternators and ignition coils to radar sensors, with a smaller electric powertrain business attached.
⚡ Why this matters
This is the kind of story that moves the clean economy forward — real momentum, real tools, and outcomes you can track. GreenTV curates the signal from the noise so you get what actually scales. 🚀
🔭 What to watch next
- 📌 Key signal: Foxconn is buying half of Mitsubishi Electric’s auto parts business for ¥115 billion ($727 million), its biggest bet yet on turning years…
- ✅ Watch for measurable follow-through, not just announcements.
- 🔎 Share the most practical takeaway with your community.
🌱 Progress is real — let’s keep building it.
Truth. Solutions. Action. 🤝
Reporting curated for GreenTV. Original reporting via Electrek.