Nissan in Talks with Foxconn to Repurpose Oppama Plant for EVs
Nissan is negotiating with Foxconn to transform its Oppama plant into an electric vehicle production hub, potentially saving the facility from closure. The MOVE could preserve 3,900 jobs and sustain local suppliers amid Nissan's broader restructuring efforts.
The Oppama plant, a historic site for Nissan's manufacturing and the birthplace of the Leaf EV, faces uncertainty as CEO Ivan Espinosa implements cost-cutting measures. A deal with Foxconn WOULD avoid $1.2 billion in annual fixed costs while providing the Taiwanese firm with a turnkey manufacturing base.
Nikkei first reported the discussions, though Nissan disputes the accuracy of the report. The arrangement exemplifies how legacy automakers are leveraging partnerships to navigate the EV transition.
