Foxconn, the largest contract electronics manufacturer in the world, has outlined its intentions in discussions with Nissan Motor Co.

Chairman Young Liu said that Foxconn seeks a cooperative relationship with the Japanese automaker rather than pursuing an acquisition.

Liu emphasized, “Purchasing its shares is not our aim; our aim is cooperation.”

He further noted that Foxconn could consider acquiring a stake in Nissan if it would aid collaboration.

Recent Foxconn developments