Mitsubishi Electric Corporation, Mitsubishi Electric Mobility Corporation (Mitsubishi Electric and Mitsubishi Electric Mobility are collectively referred to as “Mitsubishi Electric Group.”) and AISIN CORPORATION announced today the three companies have reached a basic agreement to establish a joint venture (the “JV”) company to handle products for next-generation electric vehicles (EVs) (the “Transaction”).

AISIN offers a full lineup of electric units that drive all types of EVs, including BEVs, PHEVs, and HEVs, and provides them to customers around the world through BluE Nexus*, thereby contributing to improved power consumption and driving performance of the entire vehicle. As vehicle electrification continues to accelerate in the context of regional energy situation and policies, there is an increasing diversity of needs for products and technologies, including systems, performance and cost. AISIN will carefully respond to diversifying needs and expand the variety and quantity of electric units through BluE Nexus, utilizing the development capability of the JV based on the full line-up of technology development concepts AISIN has promoted.

Read more at:
https://www.aisin.com/en/news/2024/006182.html