Foxconn executives publicly expressed their hope to cooperate in the development of electric vehicles, causing Nissan's stock to pump 8.9%.

Foxconn ( stated on Wednesday that it hopes to collaborate with Nissan ) to develop electric vehicles. Currently, there is a global threat from Chinese electric vehicles, as Chinese brands are aggressively capturing market share in Europe, Brazil, and Thailand. Foxconn's Chief Strategy Officer Jun Seki mentioned at an electric vehicle strategy seminar in Tokyo that automobile manufacturers are spread across the globe, but Foxconn feels a strong synergy with Japanese companies.

Seki himself was a senior executive at Nissan, and in an interview with the Nikkei newspaper, Seki stated that Foxconn hopes to collaborate with Nissan, but has not yet made contact with them. He believes that Foxconn can establish broader partnerships with Honda, Nissan, and Mitsubishi Motors, and confirmed that Foxconn is finalizing an agreement with Mitsubishi, Nissan's primary partner, to supply electric vehicles, but he did not provide further details to the media. Sources have previously revealed to Reuters that Mitsubishi plans to outsource its electric vehicle production operations in the Oceania market to Foxconn.

Foxconn is preparing to launch electric buses and a battery-powered small bus in Japan in 2027, focusing on developing business-to-business electric vehicle services rather than directly targeting the general consumer market.

Foxconn considers acquiring a stake in Nissan Motor.

In February of this year, the Nikkei reported that Foxconn proposed a partnership with Honda ( after the merger talks between Honda and Nissan collapsed. Foxconn aims to establish a Four-Way Framework ) that includes Nissan, Mitsubishi, and Honda. Foxconn has repeatedly stated that it is considering acquiring a stake in Nissan, but the primary goal is to establish a strategic partnership.

Nissan's stock price rise boosts the performance of Honda and Toyota in the US stock market.

Foxconn expressed its desire to seek cooperation with Nissan to produce and sell electric vehicles in Japan. After the news was released, Nissan's stock price in Japan surged by 8.9% to 339.3 yen. The Japanese market also reflected an optimistic rebound due to Trump's delay in imposing trade tariffs, with the Nikkei 225 index rising by 8.4%. Nissan's automotive manufacturing peers, Honda (NYSE code: HMC) and Toyota (NYSE code: TM) are both listed in the United States. Before the deadline for this report, the stock prices of both companies also rose, with Honda increasing by 9.52% and Toyota by 9.3%.

The Japanese consortium hopes Tesla will invest in Nissan.

Interest in Nissan is not limited to Foxconn. According to the Financial Times, a consortium in Japan, including former Prime Ministers, hopes that Tesla will become a strategic investment partner in acquiring Nissan's factories in the United States. The report cites sources stating that the proposal was facilitated by former Tesla board member Hiromichi Mizuno ( and has the support of former Prime Minister Yoshihide Suga and his former aides. However, some analysts are skeptical about Tesla's interest in acquiring Nissan's U.S. factories, citing that the existing factory capacity is sufficient and that delivery volumes are expected to decline for the first time in 2024.

This article reveals that senior executives at Foxconn have publicly expressed their hope to collaborate in the development of electric vehicles, with Nissan's stock rising 8.9%. It first appeared in Chain News ABMedia.