Published by Global Banking & Finance Review®
Posted on December 19, 2024
1 min readLast updated: January 27, 2026
Foxconn's Jun Seki is in France to negotiate buying Nissan stake from Renault, aligning with their electric vehicle strategy.
TAIPEI (Reuters) - A senior executive of Taiwan-based contract manufacturer Foxconn is in France to discuss a potential stake purchase in Nissan Motor from the Japanese automaker's biggest shareholder Renault, Central News Agency reported on Thursday.
Jun Seki, a former Nissan executive who now leads Foxconn's electric vehicle business, is in France to meet Renault officials, the official Taiwanese news agency reported, citing a source familiar with the matter.
A source familiar with the situation told Reuters that Foxconn is in talks with Renault to buy at least some of the French firm's holding in Nissan and Seki is in France for these talks.
Foxconn had no immediate comment on the report.
Renault could not be immediately reached for comment. Nissan declined to comment.
The move by Foxconn comes as Nissan is holding talks with its longtime Japanese rival Honda to deepen cooperation including a potential merger amid deepening financial and strategic trouble that led it to announce a $2.6 billion cost savings plan last month.
(Reporting by Ben Blanchard and Wen-Yee Lee; Editing by Stephen Coates)
The main topic is Foxconn's potential purchase of a Nissan stake from Renault.
Foxconn, Renault, and Nissan are involved in the stake purchase talks.
This move could impact the automotive sector and Foxconn's electric vehicle strategy.
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