Foxconn looking to buy Nissan stake from Renault, report says

Former Nissan executive running Foxconn's EV business in France for talks

Reuters has reported a source saying that Foxconn is in talks with Renault to buy at least some of the French company's holding in Nissan © Reuters

December 19, 2024 21:39 JST

TAIPEI (Reuters) -- A senior executive of Taiwan-based contract manufacturer Foxconn is in France to discuss a potential stake purchase in Nissan Motor from the Japanese automaker's biggest shareholder Renault, Central News Agency reported on Thursday.

Jun Seki, a former Nissan executive who now leads Foxconn's electric vehicle business, is in France to meet Renault officials, the official Taiwanese news agency reported, citing a source familiar with the matter.