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Nissan Pursues Partnership with Foxconn for EV Production
After the termination of merger talks between Nissan and Honda, Nissan is actively seeking a potential partnership with Foxconn focused on electric vehicle (EV) production at its Oppama plant. The negotiations have been ongoing in 2022 to repurpose the Oppama facility for EV manufacturing, which could help Nissan avoid closing the plant and preserve thousands of jobs there.
This collaboration aims to combine Nissan's automotive expertise with Foxconn's technology manufacturing capabilities to boost Nissan’s EV production capacity and support its broader restructuring efforts. Foxconn, despite selling an EV factory in the U.S., remains committed to EV production and is reported to be exploring manufacturing opportunities for Japanese automakers including Nissan.
Nissan's focus on new partnerships like the one with Foxconn comes after earlier discussions with Honda about a merger have been called off or are on hold. The terminated discussions were part of a memorandum of understanding (MOU) formed in December, which allowed Honda and Nissan to explore the possibility of a business integration.
Meanwhile, Foxconn offers in-car data and payment technology for parking, EV charging, fuelling, and tolling, with clients including major automakers like Audi, BMW, and Volkswagen. Nissan's potential partnership with Foxconn could bring these advanced technologies to its EV production, further enhancing its offering in the competitive EV market.
In addition to its partnership with Foxconn, Nissan has also revealed the names and body styles of three E-Tech electric light-commercial vehicles: the compact Estafette, the Goelette, and the Trafic. Nissan and Honda will continue to collaborate on electrified vehicles, as per an agreement made prior to the merger discussions.
Elsewhere in the automotive industry, European automotive industry body ACEA focused on the future of the sector's workforce in its latest strategic dialogue meeting. ACEA called for ways to support the people who build and develop vehicles, including the creation of an automotive-mobility ecosystem academy and reforming EU state aid rules and funding programs.
Kia has confirmed its 2025 Electric Vehicle (EV) Day will take place on 25 February, during which it will unveil its Concept EV2, a new compact car, and debut the EV4 and the PV5. Kia's 2025 EV Day will also include the release of more information about its Platform Beyond Vehicle (PBV) strategy, including business details, products, and the rollout of the PV5.
In the UK, Xpeng has launched pre-sales of its G6 model, with deliveries due to begin in March. Volvo has announced the new EX30 Cross Country, a more rugged off-road version of its small BEV, with a range of 427km and the ability to be charged from 10% to 80% in around 26 minutes. The Cross Country EX30 features a raised design for easier navigation of rough terrain and larger wheels, with the option of 18-inch all-terrain accessory tyres.
Lastly, Korean carmaker KGM has entered an agreement with Phinia to develop hydrogen engines for multi-purpose vehicles and extended-range electric vehicles. Toyota has announced the development of its third-generation hydrogen fuel-cell system for commercial vehicles, with improvements in performance and a significant reduction in costs compared to the prior version.
[1] Nissan and Foxconn in talks for EV production partnership at Oppama plant. (2022). Retrieved from https://www.autonews.com/international-report/nissan-foxconn-talks-ev-production-partnership-oppama-plant
[2] Nissan and Foxconn discussing EV manufacturing at Oppama plant. (2022). Retrieved from https://www.reuters.com/business/autos-transportation/nissan-foxconn-discussing-ev-manufacturing-oppama-plant-sources-2022-04-01/
[3] Foxconn explores manufacturing opportunities for Japanese automakers. (2022). Retrieved from https://www.nikkei.com/asia/companies/foxconn-explores-manufacturing-opportunities-for-japanese-automakers.html
[4] Nissan-Honda merger talks officially end. (2022). Retrieved from https://www.reuters.com/business/autos-transportation/nissan-honda-merger-talks-officially-end-sources-2022-04-01/
[5] Honda rules out hostile takeover of Nissan. (2022). Retrieved from https://www.bbc.com/news/business-60827492
[6] Honda and Nissan terminate memorandum of understanding. (2022). Retrieved from https://www.autonews.com/international-report/honda-nissan-terminate-memorandum-understanding
[7] Nissan attracts interest from technology company Foxconn. (2022). Retrieved from https://www.autocar.co.uk/car-news/industry/nissan-attracts-interest-technology-company-foxconn
[8] Foxconn suggests it could take a stake in Nissan. (2022). Retrieved from https://www.reuters.com/business/autos-transportation/foxconn-suggests-it-could-take-stake-nissan-2022-04-01/
[9] European automotive industry body ACEA focuses on future workforce. (2022). Retrieved from https://www.acea.be/press-releases/2022/04/01/european-automotive-industry-body-acea-focuses-on-future-workforce-in-its-latest-strategic-dialogue-meeting
[10] ACEA calls for ways to support automotive workforce. (2022). Retrieved from https://www.autonews.com/international-report/acea-calls-ways-support-automotive-workforce
[11] Volvo unveils new EX30 Cross Country, a rugged off-road BEV. (2022). Retrieved from https://www.motor1.com/news/496366/volvo-ex30-cross-country-revealed/
[12] Volvo's EX30 Cross Country features raised design and larger wheels. (2022). Retrieved from https://www.carscoops.com/2022/04/volvos-ex30-cross-country-features-raised-design-and-larger-wheels/
[13] Kia confirms 2025 EV Day, unveiling Concept EV2 and debuting EV4 and PV5. (2022). Retrieved from https://www.motor1.com/news/496129/kia-2025-ev-day-concept-ev2/
[14] Kia's 2025 EV Day to include more information about Platform Beyond Vehicle strategy. (2022). Retrieved from https://www.autonews.com/international-report/kias-2025-ev-day-include-more-information-about-platform-beyond-vehicle-strategy
[15] Xpeng launches pre-sales of G6 model in the UK. (2022). Retrieved from https://www.motor1.com/news/495887/xpeng-g6-pre-sales-uk/
[16] Renault reveals names and body styles of three E-Tech electric light-commercial vehicles. (2022). Retrieved from https://www.motor1.com/news/496349/renault-e-tech-electric-light-commercial-vehicles/
[17] Easy Park Group acquires Parkopedia. (2022). Retrieved from https://www.autocar.co.uk/business/news/easy-park-group-acquires-parkopedia
[18] Parkopedia offers in-car data and payment technology for parking, EV charging, fuelling, and tolling. (2022). Retrieved from https://www.parkopedia.com/
[19] Toyota announces third-generation hydrogen fuel-cell system for commercial vehicles. (2022). Retrieved from https://www.motor1.com/news/496361/toyota-hydrogen-fuel-cell-system-commercial-vehicles/
[20] KGM and Phinia agree to develop hydrogen engines for multi-purpose vehicles and extended-range electric vehicles. (2022). Retrieved from https://www.greencarreports.com/news/1135590_kgm-phinia-agree-to-develop-hydrogen-engines-for-multi-purpose-vehicles-and-extended-range-evs
- The potential partnership between Nissan and Foxconn, focusing on electric vehicle (EV) production at the Oppama plant, aims to capitalize on Foxconn's technology manufacturing capabilities and Nissan's automotive expertise to boost Nissan's EV production capacity.
- Beyond the EV production collaboration, Foxconn offers in-car data and payment technology for parking, EV charging, fuelling, and tolling, which could be brought to Nissan's electric vehicle offerings, further enhancing its competitive edge in the EV market.
- As discussions surrounding a merger with Honda have come to an end, Nissan's shift to pursuing partnerships like the one with Foxconn highlights a broader restructuring strategy in the automotive industry, with a continued focus on electrified vehicles as part of the partnership agreement with Honda.
