Young Liu - Chairman of Foxconn (the world's largest contract manufacturer and assembly company for electronic devices) shared with the media on February 12 about the group's goal of cooperating with Nissan, in the context of the Japanese automaker's future facing difficulties after withdrawing from merger negotiations with Honda.
According to some sources, negotiations between Nissan and Honda to create the world's fourth largest automaker have become complicated due to growing differences.
The deal is seen as a fresh change in the auto industry as it faces a major threat from China's BYD and other electric vehicle companies.
Speaking to the media, Foxconn's chairman said his corporation did not want to buy Nissan but would consider buying shares if necessary for cooperation.
"Our goal is not to buy their stock, our goal is to cooperate," Liu said in Foxconn's first public comment on the negotiations with Nissan.
Foxconn said the company is also discussing cooperation with France's Renault because the company has a stake in Nissan. Renault owns 36% of Nissan's shares, including 18.7% through a trusted investment fund in France.
Foxconn's move shows its ambition in the electric vehicle sector when looking to diversify business operations. However, Foxconn said that it will not become an auto brand but will only provide design and manufacturing services according to orders.
