Taiwan’s Foxconn Technology Group is seeking to acquire Renault’s stake in Nissan Motor Co., marking its latest move to expand in the electric vehicle market. The technology manufacturer has dispatched a team to France to negotiate the purchase of Renault’s roughly 30% holding in the Japanese automaker, according to industry sources.
The deal, estimated to be worth billions of New Taiwan dollars, would give Foxconn significant control over Japan’s third-largest automaker. The move comes as Honda Motor Co. and Nissan are reportedly discussing a potential merger.
The acquisition would boost business for Foxconn’s key automotive components partners. Yageo Group, Taiwan’s largest passive components maker, stands to gain substantially from increased orders. The company already supplies chip resistors and multilayer ceramic capacitors with automotive certifications to major car manufacturers.
Electric vehicles require up to 10,000 ceramic capacitors per unit, compared to about 5,000 in traditional vehicles. This surge in demand has positioned Yageo, which holds top global market share in chip resistors and tantalum capacitors, to capitalize on the automotive sector’s transformation.
The potential deal also benefits Foxlink, which has been expanding from PC components into high-voltage automotive products, highlighting Foxconn’s growing influence in the EV supply chain.
