Japanese auto suppliers are quietly dismantling vertical integration. Mitsubishi Electric is selling a 50% stake in its mobility unit to Foxconn for 115.6B yen, taking a 100B yen impairment loss. It gives Foxconn a deep foothold in Japan's EV supply chain while sparing local boardrooms the political fallout of a total foreign takeover. Restructuring legacy auto is getting...#Japan #AsiaAI #JapanTech #AIhttps://asiaai.fyi/foxconn-730m-mitsubishi-electric-mobility-deal/
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