Stanley Electric and Mitsubishi Electric Mobility have signed a basic integration agreement to establish a joint venture for the business of electronic and control components that make up lamp systems on 2- and 4-wheel vehicles, with operations planned to start in the first half of FY2025.
Combining the strengths of Stanley Electric’s automotive lamp systems business and Mitsubishi Electric Mobility’s electronic and control components business, the JV will develop, design, manufacture, and sell electronic and control components for lighting systems to be installed on vehicles. In order to respond to recent trends in ADAS and SDV, and to realize an autonomous driving society, the company will aim to create lamp systems safer and more functional than ever before.
The two parent companies plan to use this integration as an opportunity to strengthen their partnership and maximize the synergy between Stanley Electric’s optical control system technology, which contributes to safety and security through automotive lamps, and Mitsubishi Electric Mobility’s advanced control system technology, in order to provide new and attractive products to a wide range of customers. Stanley will invest 66 per cent in the new company; Mitsubishi Electric Mobility 34 per cent.
