Following the rumors of a potential merger between Honda and Nissan, tech giant Foxconn has made a move that is believed to be targeting the acquisition of Nissan’s shares.
Foxconn is known as Apple’s iPhone manufacturer. However, the company is now proactively proposing to buy Nissan’s shares. If this deal goes through, Foxconn will make a significant pivot, delving deeper into the automotive industry.
As we know, Foxconn has unveiled three concept cars but has not announced any plans to produce a commercial vehicle, as, in reality, Foxconn lacks the experience in vehicle manufacturing and assembly. The acquisition of Nissan could help materialize Foxconn’s plan to enter the automotive industry.
Some other sources suggest that Foxconn’s interest in acquiring Nissan is to expedite the potential merger between Honda and Nissan.
If Honda continues to delay, Foxconn could purchase Nissan. However, if Honda and Nissan merge first, Foxconn might withdraw or become a partner with the new conglomerate.
This merger could create two powerful blocs in the Japanese automotive industry, with one side being Honda – Nissan – Mitsubishi (possibly including Foxconn) and the other being Toyota – Suzuki – Subaru – Mazda.
TH (Tuoitrethudo)
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