Oppama Plant with Annual Capacity of 240,000 Units
Operating Rate Remains Low at 40%
According to foreign media reports, Taiwan's Foxconn is considering acquiring part of Nissan's metropolitan area factory in Japan, as Nissan continues to struggle with poor performance.
On July 7, Kyodo News reported that Foxconn is considering acquiring Nissan's Oppama plant, located in Yokosuka, Kanagawa Prefecture. This plant has an annual production capacity of 240,000 vehicles, but last year produced only about 100,000 vehicles, resulting in an operating rate of around 40%. It has been reported that Nissan is also considering shutting down the plant.
Kyodo News analyzed that if Foxconn acquires the Oppama plant, it would secure a base for electric vehicle production in Japan, providing a favorable opportunity for expanding its electric vehicle business. However, the report also noted that it remains uncertain whether the acquisition will actually take place, as Foxconn would need to newly establish its own parts supply chain.
Previously, Japanese media reported that Nissan and Foxconn had begun negotiations for electric vehicle cooperation, and that utilizing the Oppama plant was being discussed as one possible method of collaboration. Foxconn is known to have consistently sought to secure a manufacturing base in Japan for electric vehicle production.
Meanwhile, Nissan announced that it will issue convertible bonds maturing in 2031 to raise 150 billion yen (approximately 1.4 trillion won) to fund electric vehicle development. Separately, Nissan plans to raise a total of 750 billion yen (approximately 7 trillion won) through corporate bond issuance, with the funds to be invested in technology development, including electric vehicles.
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