Key Facts
• On July 6, Nissan confirmed talks with Foxconn for EV collaboration.
• Oppama plant in Yokosuka, Japan, a closure candidate, may produce Foxconn EVs.
• Nissan announced plans in May to close 7 factories globally, including 2 in Japan.
• Foxconn, known for Apple iPhone production, is expanding its EV business.
• Jun Seki, a former Nissan executive, leads Foxconn’s EV strategy.
• Foxconn signed an EV supply agreement with Mitsubishi in May for Oceania markets.
• Collaboration could save the Oppama plant and preserve local jobs.
• Nissan stated it will share updates at an appropriate time.
Summary
Nissan is in discussions with Foxconn, a Taiwanese electronics manufacturing giant, to collaborate in the electric vehicle (EV) sector. A key proposal involves producing Foxconn EVs at Nissan’s Oppama plant in Yokosuka, Japan, which was previously listed as a closure candidate amid Nissan’s global restructuring plan to shut down seven factories. Foxconn, known for manufacturing Apple iPhones, has been aggressively expanding its EV business, with Jun Seki, a former Nissan executive, spearheading its EV strategy. This partnership could potentially save the Oppama plant and secure local employment. Nissan has stated it will provide further updates when decisions are finalized.
