According to a business media outlet, Foxconn, best known for assembling Apple's iPhones, has agreed to build cars for two as-yet-unknown Japanese car brands.
Foxconn, best known for producing iPhones for Apple, is now expanding its business to include the production of electric cars.
Initially for two as yet unnamed Japanese car brands, Focus Taiwan reports.
The Taiwanese electronics manufacturer, formally called Hon Hai Precision Industry Co., has previously publicly stated that it is 'interested' in a collaboration with Nissan.
Although Foxconn's CEO, Young Liu, has not wanted to name the two car brands, the agreement is expected to be finalized within just two months.
In February, as talks about a potential merger between Honda and Nissan were coming to a standstill, Young Liu said outright that Foxconn is not interested in taking over Nissan. Read more about it here .
New director could move iPhone factory even closer to Nissan
The Japanese car brand has since appointed a new CEO. He will start work on April 1st of this year, and this could reopen the doors to a merger with Honda.
Perhaps because the rest of the board is willing to agree to Honda's demand that Nissan be reduced from an independent car brand to a subsidiary.
Furthermore, the financial situation at Nissan may force the car brand to consider more partners if Honda is not ready with a full-fledged rescue plan.
In any case, the now-fired director Makoto Uchida has warned that Nissan risks running out of money. He said this already in November last year.
At the same time, Nissan's expectations for the 2025 financial year were turned upside down. The Japanese now expect to come out with a deficit of 3.8 billion Danish kroner.
