The collapse of merger talks between Honda and Nissan could open the door for iPhone manufacturer Foxconn to make a big play in automotive production. Why it matters: Foxconn has been angling for years to translate its consumer electronics production expertise into EV manufacturing.

Discussions hit a wall as Honda sought to make Nissan a subsidiary, rather than forming a new holding company.

Honda and Nissan ended the merger talks but will continue to collaborate on electric and intelligent vehicle development.