Foxconn's Jun Seki in France Talks to Acquire Nissan Stake from Renault Amid Electric Vehicle Expansion

Dec 19, 2024, 10:10 AM

Foxconn, the Taiwanese technology giant, is reportedly in discussions to acquire a stake in Nissan Motor Co. from its largest shareholder, Renault. The talks are part of Foxconn's strategy to expand its electric vehicle business. A senior executive from Foxconn, Jun Seki, who previously worked at Nissan, is currently in France to negotiate with Renault officials regarding the potential purchase. This development comes as Nissan and Honda are reportedly exploring a merger, highlighting the shifting dynamics in the automotive industry. Foxconn's interest in Nissan reflects its ambition to diversify into the electric vehicle sector, which is rapidly evolving and attracting significant investment.