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
THE SO WHAT
Foxconn buying half of Mitsubishi’s auto components unit for about $727M and tapping its autonomous tech is a clear move to own more of the EV and autonomy stack, not just assemble it. OEMs and Tier 1s should assume contract manufacturers will increasingly show up as full-stack EV competitors and plan partnerships and IP boundaries accordingly.
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