Hon Hai agrees automotive alliance as Hon Hai stock costs EUR 13.20

Published on 10/19/2026 at 10:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit TWD 3.03 trillion, up 47.12 percent year on year. Hon Hai stock costs EUR 13.20 on October 19, 2026.

Automotive alliance and revenue growth

Hon Hai finalized its Mitsubishi Electric alliance on October 16, 2026, with a JPY 115.0 billion stake transfer.
Revenue for July through September 2026 reached TWD 3.03 trillion, up 47.12 percent year on year.
Hon Hai stock traded at EUR 13.20 at 10:12 a.m. CEST at Lang & Schwarz on October 19, 2026.

Hon Hai (Foxconn), US4380908057, Illustration mit AI erstellt.

Hon Hai (Foxconn) (ISIN US4380908057) agreed a strategic automotive alliance with Mitsubishi Electric on October 16, 2026, while its stock traded at EUR 13.20 at Lang & Schwarz on October 19, 2026 at 10:12 a.m. CEST. According to the Hon Hai Technology Group, the agreement gives its subsidiary Lin Yin a 50 percent stake in Mitsubishi Electric Mobility.

Alliance puts JPY 115.0 billion at stake

The transaction price is expected to be JPY 115.0 billion, based on an equity value of JPY 230.0 billion for the business. The agreement combines Mitsubishi Electric Mobility's capabilities in electric powertrains, software and vehicle control with Hon Hai's manufacturing scale and market deployment expertise, the company said in its October 16, 2026 release.

The deal is subject to regulatory approvals and is expected to close on October 1, 2027. For Hon Hai, the arrangement extends its push into electric vehicles beyond contract manufacturing and gives the automotive business a partner with established Japanese technology.

What does the revenue growth mean?

Hon Hai's sales momentum is concentrated in a period that also includes the annual electronics peak season. Revenue for July through September 2026 reached TWD 3.03 trillion, up 47.12 percent from the same period a year earlier and above the TWD 2.83 trillion LSEG SmartEstimate cited by The Daily Star on October 6, 2026. September revenue alone reached TWD 1.16 trillion, up 38.42 percent year on year, according to the company's October 5, 2026 release.

Three dates define the setup

On October 5, 2026, Hon Hai reported September revenue of TWD 1.16 trillion. On October 8, 2026, its research institute announced that two quantum works had been accepted for FOCS 2026, according to the company's press-center listing. On October 16, 2026, Lin Yin formalized the Mitsubishi Electric alliance with a JPY 115.0 billion transfer price.

What comes next for Foxconn?

The next two dates are October 1, 2027, for the expected automotive transaction completion, and November 12, 2026, for full third-quarter earnings, which The Daily Star reported on October 6, 2026. The earnings release should show whether the strong sales performance translated into profit growth.

Stock price and operating context

On the Taiwan Stock Exchange, Hon Hai was last at TWD 239.50 on October 19, 2026 at 1:30 p.m. TST. The finance data also places its 52-week range at TWD 187.50 to TWD 314.00 and its market capitalization at TWD 3.4 trillion as of October 19, 2026.

Hon Hai was trading at EUR 13.20 at Lang & Schwarz on October 19, 2026 at 10:12 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Hon Hai stock.