Japanese automaker Nissan Motor Co is in talks with Hon Hai Precision Industry Co (鴻海精密) about a potential partnership in the electric vehicle (EV) sector that could allow Hon Hai to produce EVs at a local plant to avoid the risk of closure, a Japanese business newspaper reported on Sunday.
The two companies are considering producing EVs at Nissan’s Oppama plant in Yokosuka, Kanagawa Prefecture, Nikkei Asia reported, citing a Nissan source.
The Oppama plant, which employed about 3,900 people as of the end of October last year, was among the facilities at risk of closure under Nissan’s restructuring plans, the report said.
Photo: Reuters
Nissan in May announced plans to reduce its global production bases from 17 to 10, Nikkei said.
The plant produces 240,000 units per year, with capacity rate running at 40 percent, below the required 80 to break even, while many Nissan-affiliated autoparts suppliers operate near the Oppama plant, it said.
A partnership with Hon Hai, also known as Foxconn Technology Group (富士康科技集團), could enable Nissan to retain the plant, boost its utilization rate, preserve local employment and lower production costs, the report said.
A Hon Hai official yesterday said the company had no comment.
The news of the potential Nissan collaboration came after Hon Hai in May signed a deal to produce EVs in Taiwan for Japan’s Mitsubishi Motors Corp, based on Foxtron Vehicle Technologies Co’s (鴻華先進) models.
Foxtron is a joint venture between Hon Hai and Yulon Motor Co (裕隆汽車). The EVs supplied for Mitsubishi are expected to enter the Australian and New Zealand markets as early as the second half of next year, Hon Hai said.
Cairo’s new monorail slices across the city skyline, running above the familiar chaos of blaring horns and aging buses’ exhaust fumes that mark rush hour below. The US$4.5 billion monorail, opened this month, is among Egypt’s most prominent new transport projects, part of a debt-funded infrastructure drive criticized for sapping state finances while bringing limited benefits to most of the country’s 109 million people. “It feels like you’re in a different country,” said Ramy Sayed, a restaurant manager, aboard a driverless Innovia 300 train. “No noise, no traffic, we’re not used to this.” The eastern line runs 56km from the bustling middle-class
Starlux Airlines Co (星宇航空) today unveiled a long-haul network expansion plan at a shareholders’ meeting in Taipei, including direct flights to Barcelona, Spain, and Zurich, Switzerland, as well as a service connecting Taipei, Sydney and New Zealand. Starlux is to become the first Taiwanese carrier to offer non-stop services to the two European cities, while the inaugural oceanic route is expected to expand transit opportunities within the Australia-New Zealand market, Starlux said. Flight services to Chicago, Dallas, Washington and New York are under evaluation, the airline added. Prior to the shareholders’ meeting, the airline earlier this year announced that it would be
Taiwanese firms have increased investment in the Philippines in recent years as Manila’s ties with Washington deepen and global supply chains continue to shift away from China, an expert at the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The Philippines had not been among Taiwanese investors’ top choices in Southeast Asia, CIER Taiwan ASEAN Studies Center director Kristy Hsu (徐遵慈) said at a seminar in Taipei. However, Taiwan’s investment in the country has grown significantly since the COVID-19 pandemic, reaching US $257 million last year, a high in recent years, she said. Although Taiwan’s total investment in the Philippines still lags
Intel Corp regards Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) as a longstanding partner, as the US chipmaker would continue outsourcing production of advanced chips to TSMC, Intel chief executive officer Lip-Bu Tan (陳立武) said yesterday. “I don’t look at people as competitors. I look at the collaboration... Nvidia is also, you know, a good friend,” Tan told a news conference following his keynote speech at the Computex trade show in Taipei. “It’s a very trusted partnership for us... We are a big, top customer for them, and we’re going to continue doing that,” he said, referring to TSMC, the world’s largest foundry
RSS