Foxconn, the Taiwanese contract manufacturing giant, is reportedly negotiating a potential acquisition of a stake in Nissan Motor held by the Japanese automaker’s largest shareholder, Renault.
According to Taiwan’s Central News Agency, Jun Seki, who leads Foxconn’s electric vehicle division and is a former Nissan executive, has traveled to France to discuss the matter with Renault officials.
A source familiar with the situation confirmed to Reuters that Foxconn is exploring the purchase of at least part of Renault’s holding in Nissan. The talks are seen as part of Foxconn’s broader strategy to expand its presence in the EV market. Both Foxconn and Renault declined to comment on the report, while Nissan also refused to provide a statement.
The discussions come at a pivotal time for Nissan, which is currently engaging with Honda Motor (7267.T) on potential deeper collaboration, including a possible merger. Amid financial strain, Nissan recently announced a $2.6 billion cost-saving plan as it seeks to stabilize its operations.
Foxconn’s potential investment could represent a significant shift in the dynamics of Nissan’s shareholder structure, particularly as Renault navigates its own strategic priorities in the evolving automotive landscape.
