Foxconn Eyes Nissan, Mitsubishi In Japan EV Push To Counter China's Growing Auto Threat

Electronics manufacturer Foxconn Technology Co is eyeing Japanese automakers, including Nissan Motor Co NSANY NSANF, to form a Japan-Taiwan alliance.

According to Nikkei Asia, Foxconn EV chief strategy officer Jun Seki revealed the agreement during a Tokyo seminar on Tuesday.

Foxconn, also known as Hon Hai Precision HNHAY, is currently competing with Chinese brands focused on battery-powered vehicles, looking to win market share in Europe, Brazil, and Thailand.

Foxconn, an Apple Inc AAPL supplier, plans to launch an electric bus and a battery-powered microbus in Japan in 2027, Reuters cited Seki.

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It focuses on providing business-to-business services with EV operations instead of targeting consumers directly.

Seki told Reuters that Foxconn should be part of a potential broader partnership with Honda Motor Co HMC, Nissan, and Mitsubishi Motors MTSUY and confirmed that Foxconn was finalizing a deal with Mitsubishi to supply it with EVs.

Foxconn was working with Mitsubishi, Seki said during Wednesday’s event.

President Donald Trump’s 25% auto tariff threatens to disrupt the global automotive industry, with analysts warning of sharp price increases and declining sales.

Goldman Sachs expected imported vehicle prices to surge by $5,000 to $15,000, while even U.S.-built cars could see cost hikes of $3,000 to $8,000 due to foreign-made parts. According to analyst Akira Kishimoto, Japanese automakers could face a potential hit of 4.46 trillion yen (about $29.44 billion).

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