Foxconn Considers Stake in Nissan for Collaboration
Foxconn, the world's largest contract electronics manufacturer, is open to taking a stake in Nissan as part of a potential collaboration. This comes as the Japanese automaker's future remains uncertain following the collapse of merger talks with Honda.
"If cooperation requires it (purchasing Nissan shares), we will consider it," Foxconn chairman Young Liu told reporters. However, he emphasized that acquiring shares is not their primary goal. Instead, they are focused on collaborating with Nissan and its largest shareholder, Renault, which owns 36% of the Japanese firm.
Nissan is currently at a crossroads after negotiations with Honda to create the world's fourth-largest automaker fell through due to growing differences. The two companies are expected to announce their next steps on Thursday, which will likely involve formally calling off the merger plan.
This potential deal would have been another significant shift in the automotive industry, which is facing increasing competition from Chinese electric vehicle manufacturers like BYD. Nissan is open to working with new partners like Foxconn, which is known for its role as an Apple supplier but also has ambitions in the electric vehicle sector.
Foxconn, while best known for its work with Apple, is keen to diversify its business and has ambitions in the electric vehicle market. However, Liu clarified that Foxconn does not intend to become an automotive brand itself, but rather focus on providing commissioned design and manufacturing services.
8 Comments
Bella Ciao
“Innovation requires bold moves. Partnering with Foxconn illustrates Nissan’s commitment to future-forward thinking.”
Habibi
“Foxconn’s ambitions in the electric vehicle sector may overshadow Nissan’s heritage and expertise in quality car manufacturing.”
Bella Ciao
“Finally, a collaboration that challenges the status quo! Combining strengths can only help both companies in a fiercely competitive market.”
G P Floyd Jr
“Great to see Nissan open to diverse partnerships. Tapping into Foxconn’s tech capabilities could accelerate their EV development.”
Rolihlahla
“This partnership could be a game changer—merging tech expertise with automotive know-how might lead to groundbreaking innovations.”
Donatello
“Foxconn’s extensive experience in electronics might bring a new level of efficiency and design ingenuity to Nissan’s production lines.”
Michelangelo
“This collaboration has the potential to set new benchmarks in the industry. Two giants working together might lead to faster, better solutions.”
Leonardo
“This move can open doors to revolutionary manufacturing techniques, benefiting consumers with more innovative and efficient vehicles.”