TOKYO -- Nissan Motor is considering selling its 41 percent stake in Calsonic Kansei to raise cash for research and development in electric cars and artificial intelligence, the Nikkei newspaper reported.
Nissan plans to seek a first round of bids in June, the paper said, without citing its sources. Major foreign parts makers and U.S. and European investment funds appear to be interested in the stake, the Nikkei said.
Based on Calsonic Kansei's market value on Monday, the sale could raise more than 100 billion yen ($915 million).
Shares in Calsonic Kansei fell as much as 7.2 percent in early trade on the report.
Nissan said it was considering various options for the supplier but that nothing had been decided.
"Calsonic Kansei is one of the most important partners for the Renault-Nissan alliance," the automaker said. "We are considering various options that would boost [Calsonic Kansei's] competitiveness."
A Calsonic Kansei spokeswoman said any sale would be Nissan's decision and that the company was not in a position to comment.
Calsonic Kansei, whose products include front-end modules, cooling and exhaust systems, and instrument panels, ranks No. 20 in the Automotive News Europe 2015 Guide to the Top 100 Global Suppliers.
Earlier this month, Nissan agreed to buy a 34 percent stake in Mitsubishi Motors for about $2.2 billion as Mitsubishi was plunged into a crisis over its future after it admitted cheating in emissions tests.