Nissan in Talks with Foxconn to Produce EVs at Japanese Plant

Potential Deal for Nissan's Oppama Plant

• 🚗 Nissan is reportedly in discussions with Foxconn to allow the Taiwanese company to manufacture electric vehicles at one of Nissan's Japanese factories.
• 🏭 This potential collaboration aims to prevent the closure of the Oppama plant, located south of Tokyo, which employs approximately 3,900 workers.
• 📉 The move comes as Nissan's new chief, Ivan Espinosa, implements sweeping restructuring plans to address slumping sales and a series of crises.

Foxconn's EV Ambitions

• 📱 While primarily known as the assembler of Apple's iPhones, Foxconn has declared ambitious plans to enter the electric vehicle market.
• 🤝 A Foxconn subsidiary previously agreed to supply Nissan's junior partner, Mitsubishi, with an EV model.
• ⚠️ Nissan has stated that the Reuters report is not based on any information they have released, and Foxconn has not yet commented.