EV-Hopeful Foxconn Closes In on Latest in String of Mitsubishi Group Deals
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Photo: Hideaki Ryugen/Nikkei
(Nikkei Asia) — Foxconn Technology Co. Ltd. is building partnerships with Japan’s Mitsubishi group of companies as the Taiwanese manufacturer works toward a goal of becoming a top assembler of electric vehicles (EVs).
In its latest move, Foxconn is poised to buy a stake in Mitsubishi Electric Corp.’s automotive parts subsidiary, sources told Nikkei on Tuesday.
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