Foxconn's decision comes after it sent a delegation to meet with Nissan's biggest shareholder Renault in France, the report said. Nissan and Foxconn did not immediately respond to Reuters' requests for comment.

According to Bloomberg, Foxconn (also known as Hon Hai Precision Industry) is holding off its interest in Nissan as the Japanese automaker explores a potential merger with Honda. Citing people familiar with the matter,

News of Foxconn evincing interest in Nissan comes as Honda and Nissan have had potential merger discussions. Nikkei had reported that Foxconn's interest in Nissan has hastened both the Japanese auto firms' efforts, out of fear that Nissan could be vulnerable to a takeover by Foxconn.