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International Business Times
International Business Times
Business

Nissan Shares Jump 11% On Reported Plan To Seek Tesla Investment

Nissan Tesla Inc. Yoshihide Suga Honda the Financial Times electric vehicle Foxconn Japan Moody United States
The reported proposal follows the failure of Nissan's merger talks with its rival Honda (Credit: AFP)

Nissan shares surged 11 percent Friday after a report said a Japanese group including a former prime minister plans to ask US electric vehicle giant Tesla to invest in the automaker.

The reported proposal follows the failure of Nissan's merger talks with its rival Honda, seen as a bid to catch up with Tesla and Chinese companies in the competitive EV market.

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