Foxconn Explores Potential Stake in Nissan Through Renault Partnership

The Taiwanese electronics giant seeks collaboration with Nissan and Renault as it expands into the electric vehicle market.

Foxconn, known for manufacturing Apple iPhones, has expressed interest in acquiring Renault's 15% stake in Nissan, though its primary goal is collaboration rather than acquisition.
Renault's stake in Nissan has limited strategic value following the dissolution of their once-strong alliance, opening the door for potential divestment.
Nissan recently ended merger talks with Honda, leaving the Japanese automaker exploring new opportunities for growth and partnerships.
Foxconn aims to leverage its expertise in third-party manufacturing to enter the electric vehicle market, a sector with growing global demand and reduced entry barriers.
Foreign acquisitions in Japan are rare, and Foxconn's approach focuses on cooperation with Nissan and Renault rather than a direct takeover.