Hon Hai and Mitsubishi Electric Sign MOU for Automotive Collaboration
Hon Hai Precision Industry Co. and Mitsubishi Electric Corp. have signed an MOU to explore joint operations in automotive equipment. This partnership aims to enhance Hon Hai's position in the growing EV market.
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Hon Hai Precision Industry Co. and Mitsubishi Electric Corp. have formalized an MOU to collaborate in the automotive equipment sector, which may include a 50 percent stake transfer of Mitsubishi Electric Mobility Corp. to Hon Hai. The agreement, signed by senior executives from both companies, aims to leverage Mitsubishi's automotive expertise as Hon Hai seeks to increase its share in the global EV market.
Discussions regarding the stake transfer will depend on reaching mutual commercial terms and regulatory compliance. This MOU follows a previous agreement in November 2025 focused on AI data center solutions, indicating Hon Hai's strategic diversification into emerging technologies, including EVs and AI.
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