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,

Japan's Nissan Motor is in talks to allow Taiwan's Foxconn to use one of the automaker's domestic factories to build electric vehicles, said two people familiar with the matter, a deal that could save the plant from closure.