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The latest announcement is out from Stanley Electric Co ( (JP:6923) ).
Stanley Electric Co., Ltd. and Mitsubishi Electric Mobility Corporation have signed an integration agreement to establish a joint venture for the lamp system business targeting next-generation vehicles. This joint venture aims to leverage the strengths of both companies to develop high-value-added products that contribute to a sustainable society with zero traffic fatalities. The integration involves an absorption-type company split, with operations expected to commence in the first half of fiscal year 2025, pending regulatory clearances.
More about Stanley Electric Co
Stanley Electric Co., Ltd. operates in the automotive industry, focusing on the development, design, manufacture, and sale of electronic and control components for automotive lamp systems. The company aims to enhance safety and functionality in next-generation vehicles, including both four-wheel and two-wheel vehicles.
YTD Price Performance: 16.98%
Technical Sentiment Signal: Hold
Current Market Cap: $2.68B
See more insights into 6923 stock on TipRanks’ Stock Analysis page.