Nissan is making a high-stakes gamble to save its Oppama plant by teaming up with Foxconn, Apple's largest contract manufacturer, as it faces a threat of closure.

Nissan Motor (NSANY) has held talks with Taiwan's Hon Hai Precision Industry (HNHPF), better known as Foxconn, to utilize one of the automaker's domestic factories for electric vehicle production, according to a Reuters report on Monday,

Nissan is in discussions with Taiwan’s Foxconn about letting the electronics giant use one of Nissan’s domestic factories to build electric vehicles.