Industry insiders today revealed that Foxconn Chairman Liu Yangwei has authorized Guan Run, who has a background in Nissan Autos and serves as the electric vehicle strategy director, to take the lead. In fact, Guan Run had previously inquired about Nissan but did not receive approval. He is currently negotiating with Renault, the major shareholder of Nissan, in France regarding the equity release intention. Industry insiders stated that next Monday (23rd), Nissan will hold a Board of Directors meeting to decide whether to approve the memorandum of understanding (MOU) for merging with Honda, and the outcome will impact Foxconn's plans to acquire Nissan's shares.