Investing.com– Foxconn (SS:) had approached Japanese carmaker Nissan Motor Co., Ltd. (TYO:) for a possible controlling stake, Bloomberg reported on Wednesday, because the Taiwanese tech big seeks to push aggressively into constructing electrical autos.
Foxconn, identified formally as Hon Hai Precision Business Co Ltd (TW:), is probably going focused on Nissan’s lineup of vehicles, not simply its automaking infrastructure, the Bloomberg report mentioned.
The Taiwanese agency has been closely investing in making EVs, and had even named former Nissan (OTC:) and Nidec government Jun Seki because the chief technique officer of its EV enterprise in 2023.
Foxconn had spun off its EV unit, Foxtron Car Applied sciences Co Ltd (TW:), in late-2023.
Nissan has been fighting elevated competitors from EVs, particularly in China, the place EV makers have been engaged in a bitter worth battle for dominance on this planet’s largest vehicle market.
Reviews on Tuesday mentioned that Nissan and Japanese peer Honda (NYSE:) Motor Co Ltd (TYO:) have been contemplating a merger to higher climate market headwinds, and will additionally rope in peer Mitsubishi Motors Corp. (TYO:).
