Foxconn will consider acquiring Renault’s stake in Nissan if it is a condition for working with either carmaker on electric vehicles, the Taiwanese contract electronics manufacturer said on Wednesday.
“We did have talks about acquiring a stake in [Nissan],” Foxconn chair Young Liu told reporters on Wednesday in the company’s first confirmation of the talks. “If [taking a stake] is necessary for co-operation, we will consider it, but buying shares is not our main goal. Our main goal is co-operation.”
Liu’s comments clarify Foxconn’s rationale for negotiating an investment in Nissan after the breakdown of takeover talks between Honda and Nissan revived the possibility of a deal with the Taiwanese group.
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