Key Facts
• On July 7, 2025, Foxconn proposed partially acquiring Nissan’s Oppama plant.
• The plant, located in Yokosuka, Kanagawa Prefecture, was previously considered for closure.
• Foxconn aims to use the facility for electric vehicle (EV) production.
• A joint operation between Foxconn and Nissan is under consideration.
• The Oppama plant currently produces only the compact car “Note” for the domestic market.
• The plant’s operation rate is expected to improve from 40% in 2024.
• Approximately 3,900 employees could retain their jobs as of October 2024.
• Foxconn would gain a production base in Japan, boosting its EV business.
• Challenges include Foxconn building its own parts supply network.
• Potential competition may arise between Foxconn’s EVs and Nissan’s proprietary EVs.
• Nissan risks insufficient cost reductions if the plant remains operational.
Summary
Foxconn, a Taiwanese electronics manufacturer, is exploring the partial acquisition of Nissan’s Oppama plant in Yokosuka, Japan, to expand its electric vehicle (EV) production capabilities. The plant, previously considered for closure due to Nissan’s financial struggles, may now remain operational under a joint management plan. This collaboration could provide Foxconn with a production base in Japan and help Nissan improve the plant’s operation rate, which is projected to rise from 40% in 2024. Additionally, the move could secure jobs for approximately 3,900 employees by late 2024. However, challenges include Foxconn’s need to establish a parts supply network and the potential for competition between Foxconn’s EVs and Nissan’s own models. Nissan also faces concerns about achieving sufficient cost reductions if the plant continues to operate.
