Nissan's planned merger with Honda has stalled due to disagreements, leading the automaker to explore a partnership with Taiwanese electronics giant Foxconn, known for its iPhone production. Foxconn chairman Young Liu expressed interest in collaborating with Nissan, potentially involving contract manufacturing of vehicles, but emphasized that acquiring shares is not their primary goal. While Foxconn previously discussed acquiring a stake in Nissan, the company now prioritizes cooperation.
Nissan and Honda ’s plans to merge have hit the skids, while a new potential partner has emerged on the scene. The Financial Times reports Taiwanese company Hon Hai Precision Industry – better known as Foxconn , Apple’s main contract electronics manufacturer for the iPhone – is keen to work with Nissan. While Foxconn ’s interest in Nissan has been reported on previously, this is the first time the Taiwanese firm has publicly stated its plans.
Honda and Nissan’s proposed merger on the rocks – report
NISSAN HONDA FOXCONN MERGER PARTNERSHIP CONTRACT MANUFACTURING AUTOMOTIVE INDUSTRY
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