Foxconn's acquisition of German auto supplier ZF Friedrichshafen AG's subsidiary fails

Foxconn's plan to acquire a stake in the Powertrain Technology subsidiary (E Division) of German automotive supplier ZF Friedrichshafen AG officially stalled in September 2025. Foxconn valued E Division at €1.5 billion to €2.5 billion, a reduction of nearly one-third from the previous market estimate of €3.5 billion. A detailed review revealed that E Division's equity value was negative.