Nissan considers Foxconn EV output to save Oppama plant from closure
Nissan Motor
is in talks to allow Taiwan's
Foxconn
to use one of the automaker's domestic factories to build
electric vehicles
, said two people familiar with the matter, a deal that could save the plant from closure.
Reuters reported in May that
Nissan
was considering closing its Oppama plant, in the port city of
Yokosuka
south of
Tokyo
. CEO Ivan Espinosa has announced sweeping restructuring plans aimed at turning around the struggling automaker, including closing seven of Nissan's 17 factories globally and reducing its workforce by some 15 per cent.
Allowing electronics manufacturer Foxconn to produce its own EVs at Oppama could avert plant closure, mitigating the impact of restructuring on the plant's 3,900 employees and suppliers, the people said, declining to be identified.
The discussions were first reported by the Nikkei business daily late on Sunday.
Nissan in a statement said the Nikkei report was not based on information released by the automaker. A Foxconn spokesperson did not respond to a Reuters' request for comment.
Kyodo News reported separately on Monday that Foxconn was considering a plan to acquire a portion of the Oppama plant.
In May, Nissan's junior partner Mitsubishi Motors signed a memorandum of understanding with a Foxconn subsidiary for the Taiwanese firm to supply it with an EV model.
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