Alan Maz
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- Jan 13, 2025
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Foxconn Chairman Young Liu stated on Wednesday that the company is focused on cooperation with Japan’s Nissan, rather than seeking to acquire the automaker.
This clarification came amid reports of Nissan reconsidering a $60 billion merger with Honda, which was poised to create the world’s third-largest automaker.
Foxconn, the world’s largest contract electronics maker, has expressed interest in working with Nissan, following the collapse of the Honda deal last week.
A source told Reuters that Nissan is open to collaborating with Foxconn, particularly after the recent halt in merger talks with Honda.
Foxconn, which also manufactures Apple’s iPhones, is exploring partnerships with other automotive companies, including Renault, due to its ownership stake in Nissan.
“Purchasing its shares is not our aim; our aim is cooperation,” Liu emphasized during a press briefing at the company’s headquarters in New Taipei.
Nissan’s decision to back out of the Honda talks was reportedly driven by significant differences between the two companies, especially after Honda proposed making Nissan a subsidiary, which diverged from the original idea of a merger of equals.
With the dissolution of these talks, Nissan is now exploring new strategic partnerships, with Foxconn being one of the candidates for future collaboration.
Source: https://evmagz.com/foxconn-chairman-clarifies-intent-to-cooperate-with-nissan-not-acquire/
This clarification came amid reports of Nissan reconsidering a $60 billion merger with Honda, which was poised to create the world’s third-largest automaker.
Foxconn, the world’s largest contract electronics maker, has expressed interest in working with Nissan, following the collapse of the Honda deal last week.
A source told Reuters that Nissan is open to collaborating with Foxconn, particularly after the recent halt in merger talks with Honda.
Foxconn, which also manufactures Apple’s iPhones, is exploring partnerships with other automotive companies, including Renault, due to its ownership stake in Nissan.
“Purchasing its shares is not our aim; our aim is cooperation,” Liu emphasized during a press briefing at the company’s headquarters in New Taipei.
Nissan’s decision to back out of the Honda talks was reportedly driven by significant differences between the two companies, especially after Honda proposed making Nissan a subsidiary, which diverged from the original idea of a merger of equals.
With the dissolution of these talks, Nissan is now exploring new strategic partnerships, with Foxconn being one of the candidates for future collaboration.
Source: https://evmagz.com/foxconn-chairman-clarifies-intent-to-cooperate-with-nissan-not-acquire/
