✉news LifeAutos first seen 21 h ago, last 16 h ago, peak #15
Foxconn to pay $727 million for stake in Mitsubishi Electric's car parts unit
Original: Foxconn's latest EV push is a $727 million bet for half of Mitsubishi Electric's car parts business
Foxconn is spending $727 million to acquire half of Mitsubishi Electric's automotive components business, deepening the Taiwanese electronics giant's push into the electric vehicle supply chain. The deal, reported by TechSpot, gives the iPhone assembler a foothold in car parts manufacturing as it works to become a major EV contractor and supplier.
Why now: The deal marks a major step in Foxconn's diversification from consumer electronics into the automotive and EV industry.
Rank over time, top of the chart is #1. 5 snapshots from 21 h ago to 16 h ago.
Evidence
- Foxconn's latest EV push is a $727 million bet for half of Mitsubishi Electric's car parts business · TechSpot
API: https://socialmediatrends-api.osmike.com/v1/trends/2998558