CarteaNewsAuto NewsFoxconn Aims to Acquire Stake in Nissan

Foxconn Aims to Acquire Stake in Nissan

Adrian
Adrian
2024-12-23

Shortly after reports emerged about Honda and Nissan exploring a potential merger, new details indicate that Taiwanese iPhone manufacturer Foxconn is setting its sights on acquiring a stake in Nissan. According to the Wall Street Journal, sources familiar with the matter say that Foxconn has been 'actively discussing the acquisition of Nissan.' Should such a deal be reached, it would represent a significant shift for Foxconn as the company intensifies its efforts to break into the automotive industry.

Foxconn, known for its role as a manufacturing powerhouse for Apple, is interested in Nissan's core assets, particularly its expertise in vehicle manufacturing and design. Thanks to its ambitions in the electric vehicle sector led by former Nissan CEO John Seiki, Foxconn has already committed to investing $250 million in a Vietnamese industrial zone focused on electric vehicle components. While the company has showcased several promising electric vehicle models, none have yet reached the production line.

The Wall Street Journal reported that Foxconn plans to produce vehicles in a manner similar to how it builds iPhones for Apple, relying on companies to design and produce vehicles. While it has limited experience in manufacturing car bodies, a partnership with Nissan could help accelerate its plans to start manufacturing cars.

While discussions between Honda and Nissan are said to be ongoing, there is speculation that they may establish a new holding company to facilitate resource sharing. Although Renault has not directly commented on a potential merger with Honda, a spokesperson for the French automaker stated that Renault 'supports Nissan's efforts to regain its commercial position.' According to the Financial Post, a deal with Honda could also help insulate Renault from Nissan's ongoing financial struggles.

Interestingly, reports suggest that Foxconn's growing interest in Nissan may have acted as a catalyst, accelerating merger talks between Honda and Nissan. This urgency seems to stem from concerns that the Taiwanese manufacturing giant could take steps to directly acquire the struggling automaker, putting additional pressure on Honda and Nissan to strengthen their partnership before it’s too late.

The merger between Nissan and Honda could potentially include Mitsubishi, uniting most of the Japanese automotive industry into just two companies: Nissan-Honda and Toyota, along with all the various companies that hold stakes in them, including Suzuki, Subaru, and Mazda.

Read More

Nissan is actively pursuing an exciting new project, planning to showcase a brand new SUV concept car inspired by the classic Xterra models in 2025.

Details can be clicked:

Nissan's New Xterra Concept Car Set to Debut

The Nissan Silvia, which has not been part of its lineup since 2002, may see a resurgence in the market. Ivan Espinoza, Nissan's Vice President of Global Products, acknowledged that reviving the Silvia will be challenging, but he remains optimistic.

{"车系ID": "2409", "车系名称": "Nissan XTerra"}
{"车系ID": "2462", "车系名称": "Nissan Silvia"}

Find new car for sale:
the Nissan XTerra car prices
Find used cars:
the Nissan XTerra used carsthe Nissan Silvia used cars

Also Read:

previous: GMC Yukon Denali Celebrates 25th AnniversaryNext: Toyota to Launch Compact Pickup in 2027 to Compete with Maverick
AdrianAdrian
Chief editor information:

Adrian is an Editor. Psychology graduate with over 4 years in the automotive industry, 3 in front of the camera. Occasionally seen at his family owned tyre shop. He will only buy cars that pass the big bottle test.

News in UAE

MG in Saudi Arabia 2025: Electric Dreams and Modern Value—From MG 4 EV to RX9, Discover the Latest Models and Offers

MG in Saudi Arabia 2025: Electric Dreams and Modern Value—From MG 4 EV to RX9, Discover the Latest Models and Offers

15 hours ago50
Comprehensive Comparison Between Nissan X Terra 2025 and Toyota Fortuner 2025 in the UAE

Comprehensive Comparison Between Nissan X Terra 2025 and Toyota Fortuner 2025 in the UAE

Sep 1480
Everything You Need to Know About the Toyota Prado 2025 in the UAE

Everything You Need to Know About the Toyota Prado 2025 in the UAE

Sep 1440
Nissan Leaf Reborn: Affordable Electric Crossover Breaks Barriers in Range, Design, and Everyday UAE Usability

Nissan Leaf Reborn: Affordable Electric Crossover Breaks Barriers in Range, Design, and Everyday UAE Usability

Sep 1389
Aseel Al Hamad: From Formula 1 Trailblazer to Icon of Female Empowerment in Saudi Motorsports

Aseel Al Hamad: From Formula 1 Trailblazer to Icon of Female Empowerment in Saudi Motorsports

Sep 1384
Everything You Need to Know About MG Cars in the UAE: Models, Offers, and Dealer Insights 2025

Everything You Need to Know About MG Cars in the UAE: Models, Offers, and Dealer Insights 2025

Sep 1122
Comprehensive Comparison Between Changan CS85 and Nissan X Terra 2025 in Saudi Arabia

Comprehensive Comparison Between Changan CS85 and Nissan X Terra 2025 in Saudi Arabia

Sep 1066
Upcoming BYD Electric Vehicles Set to Dominate UAE Roads in 2026: A Deep Dive into Models, Specs, and Innovations

Upcoming BYD Electric Vehicles Set to Dominate UAE Roads in 2026: A Deep Dive into Models, Specs, and Innovations

Sep 1014
Nissan Altima 2013 Price in UAE Guide with nissan altima 2013 price in uae

Nissan Altima 2013 Price in UAE Guide with nissan altima 2013 price in uae

Sep 11121
Ferrari Price in Dubai: Complete Guide to ferrari price in dubai

Ferrari Price in Dubai: Complete Guide to ferrari price in dubai

Sep 1131