Speaking to reporters at Foxconn’s corporate headquarters in New Taipei, outside the capital Taipei, its chairman Young Liu said his company was not looking to acquire Nissan, but it would consider taking a stake if that is a condition for working with either Nissan or Renault on electric vehicles.

However, Foxconn could serve as the potential lifeline the company needs, except the Taiwanese electronics maker isn’t interested in acquiring the struggling automaker, which might better jive with Nissan’s needs.