<ul data-eligibleForWebStory="false"><li>Nissan and Foxconn are in talks for Foxconn to potentially build its own electric vehicles at a Nissan factory in Japan, specifically at Nissan's underutilized Oppama plant in Yokosuka.</li><li>Nissan plans to reduce its global factory footprint from 17 to 10 plants by fiscal year 2026, aiming to cut 500 billion yen ($3.4 billion) off its operating costs. This shift is part of Nissan's strategy to become leaner and more competitive in the EV market.</li><li>Foxconn, known for iPhone assembly, is increasingly focusing on the EV industry. The discussions do not involve joint ventures or ownership stakes; instead, Foxconn would utilize Nissan's plant to manufacture EVs, potentially including models for other clients or for Foxconn's brand.</li><li>Foxconn has previously secured deals to develop EVs with Mitsubishi and owns a facility in Ohio. If the agreement with Nissan proceeds, it could mark a significant step for Foxconn in its automotive aspirations on the home turf of a notable Japanese automaker.</li></ul>

What is Nissan Talking to iPhone Maker Foxconn About?

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