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Fortune
Fortune
Christiaan Hetzner

iPhone manufacturer Foxconn confirms it would seek to buy Renault’s stake in Nissan if up for grabs

Nissan Renault IT Foxconn Carlos Ghosn Young Liu Taiwan Apple Tesla Inc.
Young Liu, chairman of Hon Hai Precision Industry Co., during a Bloomberg Television interview at the company's Tech Day conference on Tuesday, Oct. 8, 2024 (Credit: Annabelle Chih—Bloomberg/Getty Images)
  • Renault’s alliance with Nissan, built up during the reign of former CEO Carlos Ghosn, now exists effectively only on paper. Foxconn could scoop it up as the Taiwanese contract manufacturer looks to expand into the EV market.

Taiwan’s Foxconn is in exploratory talks to purchase a 15% stake in Japan’s Nissan Motor from French carmaker Renault, it confirmed on Wednesday.

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