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Hon Hai Precision Industry Co. Ltd. (Foxconn) and Mitsubishi Electric Corporation signed a Memorandum of Understanding on April 24, 2026, to explore a strategic alliance for joint operation of the automotive equipment business. Under the MOU, discussions will begin toward this joint operation, including the potential transfer of 50% of shares in Mitsubishi Electric Mobility Corporation to Foxconn. The formal conclusion of this joint operation is subject to mutual agreement on commercial terms and compliance with relevant regulatory requirements.
| Date | 24 Apr 2026 |
| Time | 11:21:22 |
| Category | Miscellaneous |
| ID | 8684B |
Subject: Hon Hai and Mitsubishi Electric Exploring Automotive Equipment Business In MOU
Contents:
1.Date of occurrence of the event:2026/04/24
2.Company name: Hon Hai Precision Ind. Co. Ltd.
3.Relationship with the Company (please enter "the company itself" or "subsidiaries"):
The company itself
4.Reciprocal shareholding percentage: NA
5.Name of the reporting media: The company's press information
6.Content of the report:
Hon Hai Precision Industry Co. Ltd. (Foxconn) (TWSE:2317) and Mitsubishi Electric Corporation have signed a Memorandum of Understanding to explore a strategic alliance through joint operation of the automotive equipment business.
Under the MOU, discussions will begin toward joint operation, including transferring 50% of shares in Mitsubishi Electric Mobility Corporation ("Mitsubishi Electric Mobility") to Foxconn.
Whether this joint operation can be formally concluded remains subject to the parties' ability to reach mutual agreement on the commercial terms and compliance with relevant regulatory requirements.
7.Cause of occurrence: Regarding the company's press release.
8.Countermeasures: None
9.Any other matters that need to be specified: None