Taiwan-based electronics manufacturer Foxconn has proposed a partnership with Japanese automaker Honda, Japan’s Nikkei newspaper reported on Friday.
The proposal includes a joint venture involving Honda’s rivals Nissan and Mitsubishi, according to the report.
See also: Foxconn Open to Stake in Nissan for Potential Cooperation
Foxconn’s move follows the collapse of merger talks between Nissan and Honda, which began in December but ended on Feb. 13 due to disagreements, including Honda’s proposal to make Nissan a subsidiary. The merger, if successful, would have created the world’s third-largest automaker by sales volume.
Earlier this month, Foxconn Chairman Young Liu said the company was considering taking a stake in Nissan as part of a potential collaboration.
See also: Foxconn to Establish EV and Solid-State Battery Production Sites in Henan, China
Meanwhile, Nissan has been exploring strategic partnerships after posting a quarterly loss and unveiling a turnaround plan in November that includes cutting 9,000 jobs. The Financial Times has reported that Nissan could seek partnerships with Tesla or Apple as it navigates its recovery.