Foxconn Eyes Nissan Stake Amid Auto Industry Shifts

Foxconn's chairman stated the company might consider taking a stake in Nissan for cooperation, following Nissan's halted merger talks with Honda. Discussions with Nissan's main shareholder, Renault, aim at collaboration rather than acquisition. The shift reflects Foxconn's growing interest in electric vehicle manufacturing.

Foxconn, known for its role in electronics manufacturing, is contemplating a stake in Nissan to facilitate cooperation, according to chairman Young Liu. The potential partnership emerges after Nissan's merger talks with Honda faltered, putting the Japanese automaker's future on uncertain grounds.

Liu emphasized that acquiring Nissan shares is not Foxconn's primary objective; their focus lies in fostering collaboration. These conversations involve Renault, Nissan's major shareholder with a 36% stake in the company. This development comes as Nissan and Honda are anticipated to formally abandon merger plans disrupted by growing disagreements.

The move signals Foxconn's ambitions in the electric vehicle market, leveraging its manufacturing expertise to design and produce vehicles on commission. With the auto industry under pressure from emerging players like China's BYD, Nissan remains open to new alliances, as confirmed by last week's sources.