With Renault's alliance with Nissan on the rocks, Foxconn could scoop up its 15% interest as part of a plan by the Taiwanese contract manufacturer to expand into the EV market.

Foxconn boss Young Liu publicly confirmed for the first time on Wednesday that the world's largest contract manufacturer is interested in joining Nissan.

Foxconn will consider acquiring Renault’s stake in Nissan if it is a condition for working with either carmaker on electric vehicles, the Taiwanese contract electronics manufacturer said on Wednesday.

Foxconn, or Hon Hai Precision Industry, has shown interest in buying Renault SA's stake in Nissan Motor Co. The deal could give a much-needed boost to the struggling Japanese automaker. Hon Hai Chairman Young Liu revealed the news at a recent company event.

The head of Taiwanese electronics giant Foxconn said Wednesday it was open to buying French auto giant Renault's stake in Japan's

Don’t underestimate the pride of an ailing company. After signing a memorandum of understanding in late December to “consider” a merger with Honda, a source told Reuters that Nissan is backing out of the discussion.