logo
Nissan mulls EV partnership with Taiwan's Foxconn: source

Nissan mulls EV partnership with Taiwan's Foxconn: source

Japan Today7 hours ago
Nissan Motor Co is exploring a partnership with Taiwan's electronics giant Foxconn in the electric vehicle sector, a source familiar with the matter said Sunday.
The plan under consideration would involve producing Foxconn's EVs at Nissan's signature Oppama plant near Tokyo, which had previously been eyed for closure, the source added.
If realized, the deal is expected to keep the Oppama plant in operation, reversing earlier closure plans prompted by Nissan's financial difficulties. The partnership could also give momentum to the company's ongoing restructuring efforts.
Foxconn has been accelerating its EV operations, having already agreed to supply EVs to Mitsubishi Motors Corp. The firm is also in talks with Mitsubishi Fuso Truck and Bus Corp over the delivery of electric buses.
The Taiwanese company views a tie-up with Nissan as a potential catalyst to expand its footprint in the Japanese market, the source said. Nissan's main Oppama plant in Yokosuka, Kanagawa Prefecture, is where the firm pioneered EV production.
© KYODO
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Survey Finds a Third of Japanese Firms Have Experienced a Cyberattack

time4 hours ago

Survey Finds a Third of Japanese Firms Have Experienced a Cyberattack

Japan Data Society Economy Technology Jul 7, 2025 A survey in Japan found that 32% of companies there said that they had experienced a cyberattack. A May 2025 survey by Teikoku Databank found that around a third of Japanese companies had experienced a cyberattack. The online survey was aimed at 26,389 companies nationwide, receiving 10,645 valid responses. A total of 32.0% of companies said that they had experienced a cyberattack, while 52.4% said that they had not and 15.6% said that they did not know. Large companies were more likely to have experienced such an attack at 41.9%, compared with 30.3% for small and medium-sized companies and 28.1% for small businesses alone. Overall, 6.7% of companies experienced a cyberattack in the past month, but for this time period it was more common at smaller enterprises, affecting 6.9% of small and medium-sized companies and 7.9% of small businesses. Teikoku Databank noted the rapid recent rise in risk for such firms. Data Sources Cyberattack survey data (Japanese) from Teikoku Databank, 2025. Cyberattack survey data (Japanese) from Teikoku Databank, 2025. Business size categories are defined differently for various industries, with small and medium-sized firms having fewer than 300 employees in the manufacturing sector and fewer than 50 or 100 in other sectors, and small businesses having fewer than 20 employees in manufacturing and fewer than 5 in most other sectors. (Translated from Japanese. Banner photo © Pixta.) cybersecurity

70% of shops hit by massive Noto quake see no prospects of rebuilding
70% of shops hit by massive Noto quake see no prospects of rebuilding

Japan Today

time7 hours ago

  • Japan Today

70% of shops hit by massive Noto quake see no prospects of rebuilding

Retsuko Hirata displays products at her shop at a provisional facility in Wajima, Ishikawa Prefecture, on June 3. Seventy percent of shops and restaurants currently operating from temporary facilities in the earthquake-hit Noto Peninsula in central Japan have no prospects of returning to their original locations, a Kyodo News survey showed. Nearly half of the 46 businesses facing difficulties cited a lack of funding as the main obstacle, amid falling customer numbers and sales following the magnitude-7.6 quake that struck Ishikawa Prefecture on New Year's Day last year. The survey was based on interviews conducted in early June with 64 of some 70 businesses operating in 15 makeshift spaces or buildings offered rent-free in the region. More than 40 percent of the respondents saw their shops completely destroyed in the disaster. Of the respondents, 40 said their income fell, with 33 of them citing fewer customers. Asked about their current concerns, 44 cited declines in customers and revenues, while 23 were worried about securing funds for restarting. Retsuko Hirata, who runs a shop selling Japanese sake and clothing items at an arcade in Wajima, said revenue has dropped by 20 percent from before the quake. "I am worried whether I can carry on my business as the number of tourists has dropped and the population continues to decline," she said. The region facing the Sea of Japan has been a popular tourist destination for fresh seafood, hot spring spas and traditional artwork, including lacquerware. The quake claimed more than 600 lives, including those who died from related health issues afterward, and caused over 160,000 houses to fully or partially collapse across Ishikawa, Niigata, Toyama and Fukui prefectures. © KYODO

Nissan mulls EV partnership with Taiwan's Foxconn: source
Nissan mulls EV partnership with Taiwan's Foxconn: source

Japan Today

time7 hours ago

  • Japan Today

Nissan mulls EV partnership with Taiwan's Foxconn: source

Nissan Motor Co is exploring a partnership with Taiwan's electronics giant Foxconn in the electric vehicle sector, a source familiar with the matter said Sunday. The plan under consideration would involve producing Foxconn's EVs at Nissan's signature Oppama plant near Tokyo, which had previously been eyed for closure, the source added. If realized, the deal is expected to keep the Oppama plant in operation, reversing earlier closure plans prompted by Nissan's financial difficulties. The partnership could also give momentum to the company's ongoing restructuring efforts. Foxconn has been accelerating its EV operations, having already agreed to supply EVs to Mitsubishi Motors Corp. The firm is also in talks with Mitsubishi Fuso Truck and Bus Corp over the delivery of electric buses. The Taiwanese company views a tie-up with Nissan as a potential catalyst to expand its footprint in the Japanese market, the source said. Nissan's main Oppama plant in Yokosuka, Kanagawa Prefecture, is where the firm pioneered EV production. © KYODO

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store