top of page
Search

Foxconn Aims for Cooperation with Nissan, Not Acquisition

  • tech360.tv
  • Feb 13
  • 1 min read

In a recent statement, the chairman of Taiwan's Foxconn clarified the company's intentions towards Nissan, emphasising cooperation over acquisition. This declaration comes as Nissan faces uncertainty following the breakdown of merger discussions with Honda.


Workers in white uniforms assemble electronics at a Foxconn factory. Focused expressions, bright lighting, and visible Foxconn logo in foreground.
Credit: Getty Images

Nissan finds itself at a critical juncture once again, with talks of a potential merger with Honda hitting obstacles. The automotive industry is undergoing significant transformations, with the emergence of formidable competitors like China's BYD in the electric vehicle market.


Sources revealed that Nissan is receptive to collaborating with new partners, including Foxconn, the world's largest contract electronics manufacturer and a key supplier for Apple.


During a press briefing at Foxconn's headquarters in New Taipei, Chairman Young Liu affirmed that the company's primary goal is cooperation rather than acquiring shares in Nissan. He expressed openness to taking a stake if necessary to facilitate collaboration.


Liu also mentioned discussions about potential cooperation with Renault, considering the French company's significant stake in Nissan. Renault currently holds a 36% share in Nissan.


Both Nissan and Renault refrained from providing comments on Liu's statements, maintaining a cautious stance amidst ongoing developments.


Despite being renowned as a key Apple supplier, Foxconn is diversifying its business interests, particularly in the electric vehicle sector. Chairman Liu clarified that Foxconn's focus is on providing commissioned design and manufacturing services rather than establishing itself as an auto brand.

 

  • Foxconn emphasises cooperation with Nissan, dispelling acquisition rumours

  • Nissan faces challenges post Honda merger talks breakdown

  • Foxconn explores potential collaboration with Renault due to the latter's stake in Nissan


Source: REUTERS

As Asia becomes the fastest growing tech adoption region, biz360tv is committed to keeping readers up to date on the latest developments in business technology news in Asia and beyond.

While we use new technologies such as AI to improve our storytelling capabilities, our team carefully select the stories and topics to cover and goes through fact-checking, editing, and oversight before publication. Please contact us at editorial@tech360.tv if you notice any errors or inaccuracies. Your feedback will be vital in ensuring that our articles are accurate for all of our readers.

bottom of page