Foxconn’s curiosity in Nissan mentioned to be on maintain amid Honda merger talks

Hon Hai Precision Industry, the Taiwan-based producer of iPhones higher generally known as Foxconn, is placing its curiosity in pursuing Nissan on maintain whereas the Yokohama-based automaker is in negotiations for a possible merger with Honda, in accordance with an individual acquainted with the matter.

The resolution to pause comes after Foxconn despatched a delegation to fulfill with Renault — which owns 36% of Nissan and could have a say in any tie-up — in France, folks with data of the matter mentioned.

But the smartphone-maker, which has long-standing ambitions to interrupt into the electrical car business, isn’t giving up utterly, preferring to see if the 2 Japanese marques make respectable progress towards a deal earlier than deciding on its subsequent transfer, the folks mentioned, asking to not be recognized discussing non-public selections.