Rumors suggest a potential Honda-Nissan merger and Foxconn purchasing Renault's stake in Nissan, indicating a game-changing shakeup in the automotive industry.
Foxconn executives are in France to meet Renault representatives for a possible acquisition of Renault's 36% stake in Nissan, strengthening Foxconn's position in the EV market.
Renault may consider selling its stake in Nissan to focus on its home market and explore closer ties with fellow French automakers under the Stellantis umbrella.
Foxconn's entry into the equation could serve as a bridge for collaboration between French and Japanese automakers amidst global protectionist policies and mounting competition from Chinese EV manufacturers.