TOKYO -- Mitsubishi Electric and auto parts supplier Aisin plan to set up a joint venture for electric and hybrid vehicle components, Nikkei has learned, leveraging their combined scale for more efficient research and development as price competition intensifies.
Automobiles
Mitsubishi Electric and Aisin to launch EV parts joint venture
Partners aims to use scale as advantage in increasingly competitive market
Mitsubishi Electric will hold a majority stake in the joint venture with Aisin, with plans to develop and produce components such as energy-saving inverters. (Source photos by Nikkei)
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