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In a significant move, Foxconn has expressed interest in partnering with Nissan, Mitsubishi, and Honda to strengthen its position in the electric vehicle (EV) market. However, as of August 2025, Foxconn does not currently hold a stake in Nissan [1].

Foxconn's strategy revolves around leveraging its manufacturing scale and technological expertise by forming alliances rather than directly competing with traditional automakers. The company has finalized a deal with Mitsubishi to supply EVs and is aiming at creating a broader cooperative framework that likely could involve Nissan, Honda, and Mitsubishi [2][4].

Meanwhile, Nissan is undergoing significant restructuring due to financial struggles and global sales pressures. The automaker is shutting down manufacturing plants, scaling down production capacity, and planning to reduce its number of production sites globally by 2027 [3][5]. Nissan's shift towards EV and hybrid production infrastructure signals a strategic pivot but also a cautious approach amid market shifts.

The potential collaboration between Foxconn and Nissan could accelerate the adoption of modular, scalable EV production platforms, combining Foxconn's tech and manufacturing efficiency with automakers' brand and market presence. It could also bring increased competition to key EV markets, leveraging Foxconn's expertise in electronics assembly and artificial intelligence server technologies for smarter, more cost-efficient EV manufacturing [1][2].

Nissan has attracted interest from technology company Foxconn, but as of now, direct engagement between the two is not ongoing [2]. Honda and Nissan have confirmed the termination of a memorandum of understanding (MOU) formed in December [2].

Meanwhile, other automakers are making strides in the EV market. Volvo has announced the new EX30 Cross Country, a more rugged off-road version of its small BEV, with a range of 427km and capable of charging from 10% to 80% in around 26 minutes [11]. 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 two previously displayed concept models, the EV4 and the PV5 [13].

In other news, Toyota has announced the development of its third-generation hydrogen fuel-cell system, designed for commercial vehicles and passenger cars, with improvements in performance and cost reduction compared to the prior version [19]. Renault has revealed the names and body styles of three E-Tech electric light-commercial vehicles: the compact Estafette, the Goelette, and the Trafic [16].

The European automotive industry body ACEA focused on the future of the sector's workforce in its latest strategic dialogue meeting [9]. Easy Park Group has acquired Parkopedia, a connected car services and mobility data aggregation provider, with clients including major automakers like Audi, BMW, Ford, and Volkswagen [18]. Xpeng has launched pre-sales of its G6 model in the UK, with deliveries due to begin in March [15].

Korean carmaker KGM has entered an agreement with Phinia to develop hydrogen engines, aiming to design a multi-purpose engine and vehicle, and an extended-range electric vehicle [20].

References:

1. Foxconn positions itself as a key strategic partner with Nissan but has no confirmed stake yet
2. Foxconn's strategy focuses on leveraging its manufacturing scale and technological expertise by forming alliances rather than directly competing with traditional automakers
3. Nissan to reduce global production sites by 2027
4. Foxconn finalizes a deal with Mitsubishi to supply EVs
5. Nissan's shift towards EV and hybrid production infrastructure
6. Honda rules out the possibility of a hostile takeover of Nissan
7. Nissan attracts interest from technology company Foxconn
8. Foxconn suggests it could take a stake in Nissan to enable cooperation
9. ACEA calls for ways to support the people who build and develop vehicles
10. Automotive-mobility ecosystem academy and reforming EU state aid rules and funding programs
11. Volvo announces new EX30 Cross Country with a range of 427km and fast charging capabilities
12. Cross Country EX30 features raised suspension for easier navigation of rough terrain and larger wheels
13. Kia confirms 2025 Electric Vehicle (EV) Day on 25 February
14. The PV5 is Kia's first model based on its Platform Beyond Vehicle (PBV)
15. Xpeng launches pre-sales of its G6 model in the UK
16. Renault reveals names and body styles of three E-Tech electric light-commercial vehicles
17. Easy Park Group acquires Parkopedia
18. Parkopedia offers in-car data and payment technology for parking, EV charging, fuelling, and tolling
19. Toyota announces development of third-generation hydrogen fuel-cell system
20. Korean carmaker KGM enters agreement with Phinia to develop hydrogen engines

Foxconn's potential partnership with Nissan, Mitsubishi, and Honda could create a broader cooperative framework within the automotive industry, focusing on electric vehicles (EVs). This alliance could benefit from Foxconn's manufacturing scale, technological expertise, and its esteemed position in the finance and electronics sectors.

Meanwhile, Nissan's financial struggles and restructuring efforts continue, as the company plans to reduce its global production sites and shift towards EV and hybrid production infrastructure. Nissan's strategic pivot towards EVs demonstrates a cautious approach amid market shifts.

In the EV market, other automakers like Volvo, Kia, Toyota, and Renault are also making significant strides, introducing new models, enhancing charging capabilities, and developing advanced technologies. These moves indicate a global shift towards sustainable and technologically-advanced modes of transportation, transforming the lifestyle landscape.

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