Foxconn Executive Discusses Stake Acquisition in Renault and Nissan - Report

Investing.com -- Taiwanese contract manufacturer Foxconn is reportedly exploring a potential equity stake in Nissan Motor. The discussions are being held with Renault, which is Nissan's largest shareholder.

This information was reported on Thursday by a Taiwanese news outlet, Central News Agency. Jun Seki, a former Nissan executive who now oversees Foxconn's electric vehicle business, is currently in France to meet with Renault officials. These discussions are part of negotiations between Foxconn and the French firm to purchase at least a portion of Renault's stake in Nissan.

Foxconn has not yet commented on the report, and Renault could not be reached for a statement. Nissan has declined to comment on the matter.

This potential equity acquisition coincides with Nissan's ongoing discussions with its long-time Japanese rival Honda. The two companies are exploring ways to deepen their collaboration, including a possible merger.