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Nissan eyes EV deal with Foxconn to save Japanese plant
short by / on Monday, 7 July, 2025
Nissan is reportedly in talks with Apple supplier Foxconn to repurpose its Yokosuka plant for EV production, aiming to avoid closure under CEO Ivan Espinosa's revival plan. The tie-up could protect 3,900 jobs. Nissan also plans to raise $1.03 billion via convertible bonds to support its turnaround. Stock sentiment remains bearish.
read more at Stocktwits