Talks for Foxconn to buy Nissan’s Yokosuka plant collapsed over valuation gaps. The stalled deal puts Foxconn’s Japan EV plans on hold while Nissan seeks bids.
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According to TV Tokyo, talks between Hon Hai (Foxconn) and Nissan over the purchase of a plant in the city of Yokosuka (Tsuispina district) ended without a deal. Foxconn had planned to acquire the facility, which Nissan is preparing to take offline, and convert it into an electric-vehicle production base in Japan.
Negotiations began in May 2025. Foxconn was weighing the purchase of the land, factory buildings, and equipment—excluding research and testing units—and was prepared to take on part of the workforce under contract. At the same time, Nissan was exploring potential EV cooperation with Hon Hai at the site.
Price proved to be the main obstacle. Nissan valued the transaction at more than 1,000 billion yen (around 46.6 billion yuan), while the land’s market value is estimated at roughly 300–400 billion yen (14–18.6 billion yuan). Despite the steep terms, Foxconn stayed interested, but ultimately stepped back as the talks dragged on and Nissan engaged with other potential buyers in parallel. The gulf in valuations, paired with a drawn-out timetable, tends to drain momentum even from strategically attractive deals.
For now, Foxconn’s plan to establish an EV manufacturing foothold in Japan is on hold. What happens to the Tsuispina-area plant remains an open question, with Nissan still seeking partners and alternative uses for the site. The stalemate highlights how legacy assets can be hard to price when ambitions shift toward the electric future.