Foxconn EV tie-up could save Nissan's Japan supply chain
Nikkei staff writers
TOKYO/TAIPEI -- Talks between Nissan Motor and Taiwan's Foxconn on joint use of a Japanese plant for electric-vehicle production could provide a lifeline to Nissan suppliers and help build up an EV supply chain.
The proposed collaboration involves Nissan's Oppama plant in the city of Yokosuka, Nikkei reported Saturday.
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Yomiuri Shimbun
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an hour ago
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Mitsubishi Motors Corp., which initially responded to the higher tariffs by suspending deliveries from U.S. ports to local dealers, lifted prices for some models by an average 2.1 percent. Toyota said the price hikes were part of its annual review, while Mitsubishi Motors said its new prices were not aimed at addressing the auto tariffs. Among other automakers, Ford Motor Co. reportedly raised prices of some U.S.-bound models made in Mexico, and Subaru Corp. also raised vehicle prices. S&P Global Ratings in May cut its forecast for 2026 U.S. auto sales by 1 million to 15 million vehicles, citing weaker demand partly due to higher prices. Still, analysts say the quickest and most effective way for carmakers to ease tariff pressure is to pass higher import costs on to customers. Analysts say carmakers could also build new plants in the United States to avoid higher tariffs -- a goal the Trump administration is seeking to achieve through its trade policy. But new plants would require significant investment and years to become operational, and carmakers would also need to reorganize parts of their global supply chains by persuading suppliers to serve the new facilities, analysts say. Higher U.S. labor costs and the need to procure some key components from China are also likely to pose challenges, they say. As the United States will remain a key market, "the future performance of each company depends on the success of their efforts to mitigate the tariff impact," Misumi said.
