Particle.news

Download on the App Store

Nissan Negotiates With Foxconn to Convert Oppama Plant to EV Production

The talks could secure nearly 3,900 jobs by expanding Nissan’s EV lineup under its cost-cutting Re:Nissan strategy.

A flag flutters at Nissan Motor's Oppama plant in Yokosuka, Tokyo, Japan May 23, 2025.  REUTERS/Issei Kato/File Photo
Image
Image

Overview

  • Nissan has entered developing talks with Taiwan’s Foxconn to convert its Oppama plant into an electric vehicle manufacturing site.
  • The proposed deal aims to protect about 3,900 roles at Oppama, which had been at risk of closure under Nissan’s restructuring.
  • The automaker has requested deferred payments from suppliers in Britain and the EU to bolster its short-term cash flow.
  • At its Sunderland factory in the UK, Nissan has launched a voluntary leave scheme that could cut around 250 positions.
  • Nissan reported a record £4 billion annual loss last year, prompting CEO Ivan Espinosa’s Re:Nissan overhaul that includes 20,000 job cuts and seven factory closures.