Foxconn, Mitsubishi allegedly near EV deal - Breaking The News
Download our appPlay StoreApp Store
Download our appPlay StoreApp Store

Foxconn, Mitsubishi allegedly near EV deal

Business
Christian Baha / JR

1 min read

EPA-EFE/RITCHIE B. TONGO

Hon Hai Precision Industry Co., Ltd., also known as Foxconn Technology Group, and Mitsubishi Motors Corporation are close to sealing the deal on electric vehicles (EVs), Nikkei Asia reported on Thursday.

According to a source familiar with the matter, the partnership would allow the electronics manufacturer an opportunity to raise its profile in the EV industry.

Previously, similar deals with Honda Motor Co., Ltd. and Nissan Motor Co., Ltd. were reported.

foxconnmitsubishielectric vehicles
Related Stocks
MITSUBISHI MOTORS
HON HAI PRECISION IN
Related News
Nvidia pledges billions in US chipmaking over 4 years
Nvidia Corp. CEO Jensen Huang told the Financial Times that the tech giant plans to invest hundreds of billions in chips and other electronics made in the United States over the next four years. "Overall, we will procure, over the course of the next four years, probably half a trillion dollars worth of electronics in total," Huang said. "And I think we can easily see ourselves manufacturing several hundred billion of it here in the US," he added. Huang said the company...
Tesla down by almost 7% amid tariff-linked worries
Tesla Inc.'s shares decreased by almost 7% on Monday after the company allegedly shared its concerns about the impact of United States President Donald Trump's tariffs on certain imports on its production.The electric vehicle (EV) maker's stock declined by 6.75% at 12:28 pm ET to sell for $233.1056.
Daimler Truck's Q4 revenue drops 4% to €14.3B
Daimler Truck announced on Friday that its revenue in the fourth quarter of 2024 stood at €14.3 billion, dropping 4% compared to the same period a year earlier and beating analysts' expectations.Adjusted EBIT fell by 29% compared to the same quarter of 2023 to stand at €1.1 billion, while its earnings per share landed at €0.95, sinking 36% on an annual basis. Group sales in the fourth trimester fell by 11% to 124,386 units, however, incoming orders saw an...
Foxconn's net income in Q4 at $1.4 billion
Hon Hai Precision Industry Co., Ltd., also known as Foxconn, revealed on Friday that its net income in the fourth quarter of its fiscal 2024 came in at 46.3 billion New Taiwan dollars (approximately $1.4 billion), declining 13% on an annual level.Meanwhile, revenue in the reported three-month period came in at 2.1 trillion New Taiwan dollars, up some 17% year over year. Earnings per share in the fourth trimester amounted to 3.34 New Taiwan dollars, down 13%...
About
Contact Us

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.