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Mitsubishi Electric

Japan Taiwan

Mitsubishi Electric Mobility targets revenue above JPY 1 trillion in FY2031, strengthens EV and autonomous driving businesses with Foxconn

On October 19, Mitsubishi Electric Corporation, Mitsubishi Electric Mobility Corporation, and Taiwan’s Hon Hai Precision Industry Co., Ltd. (Foxconn) outlined their business strategy and roadmap for the joint operation of the automotive equipment business. Mitsubishi Electric Mobility aims to strengthen its EV and au

Japan Taiwan

Mitsubishi Electric to sell 50% stake in automotive subsidiary to Foxconn subsidiary under final agreement

On October 16, Mitsubishi Electric Corporation(Mitsubishi Electric) announced that it had signed an agreement to transfer a 50% stake in its wholly owned automotive equipment subsidiary, Mitsubishi Electric Mobility Corporation(Mitsubishi Electric Mobility), to Lin Yin International Investment Co., Ltd., an investmen

Japan

Mitsubishi Electric develops insulating epoxy resin with 40% biomass content offering heat resistance and fluidity

Mitsubishi Electric Corporation (Mitsubishi Electric) announced on June 4 that it has developed an epoxy resin material for insulation applications (e.g., isolating electrical systems and ensuring safety). The material has a biomass content exceeding 40%, along with high heat resistance and fluidity. Going forward, M

Japan

Mitsubishi Electric Develops 5th-generation SiC-MOSFET Chips

On June 4, Mitsubishi Electric announced that it has developed new SiC-MOSFET chips designed for use in inverters for drive motors and eAxles of electric vehicles (EVs), plug-in hybrid vehicles (PHVs), and other electrified vehicles (collectively referred to as xEVs).
The chips are 5th-generation SiC-MOSFETs featurin

Taiwan Japan

Mitsubishi Electric and Foxconn considering alliance for joint operation of automotive equipment business

Mitsubishi Electric Corporation (Mitsubishi Electric) announced that it has signed a memorandum of understanding (MOU) with Hon Hai Precision Industry Co., Ltd. (Foxconn) to explore the formation of a strategic alliance to jointly operate their respective automotive equipment businesses.
Building on their existing re

Japan Taiwan

Mitsubishi Electric issues statement on reported Foxconn investment in automotive business

Mitsubishi Electric Corporation (Mitsubishi Electric) announced on March 19 that, in response to media reports regarding a potential capital investment by Hon Hai Precision Industry (Foxconn) in Mitsubishi Electric’s automotive equipment business, there are no definitive facts or decisions at this time. However, the

USA Japan

Mitsubishi Electric to restructure North American operations

Mitsubishi Electric Corporation (Mitsubishi Electric) announced that, effectively July 1, it will restructure the North American operations among three group companies: Mitsubishi Electric US, Inc., which oversees all operations in North America in addition to handling sales of elevators and escalators, cooling and h

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