Transportation
Hon Hai Says It’s Open to Buying Renault’s Stake in Nissan
- Chairman Liu says it will consider a deal if it makes sense
- Deal may offer a lifeline to the struggling Japanese carmaker
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Hon Hai Precision Industry Co. is open to buying Renault SA’s stake in Nissan Motor Co., a move that may offer the struggling Japanese carmaker a lifeline.
The Taiwanese company has approached Nissan and Honda Motor Co. about potential cooperation, Hon Hai Chairman Young Liu told reporters on Wednesday on the sidelines of a company event. Liu also said his firm will announce a new Japanese customer for its EV contract manufacturing business in the first quarter, though he didn’t specify the name or scale of production in brief remarks.