16 sources·Business

Nissan and Honda Explore Potential Merger Amid Rising EV Competition

Nissan and Honda are in talks to merge, aiming to enhance competitiveness in the electric vehicle sector against rivals like Tesla and BYD.

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Updated: Dec 18th, 2024, 3:50 PM ET

Summary

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Amid increasing pressures from electric vehicle manufacturers, Nissan and Honda are exploring a merger, with talks reportedly including Mitsubishi Motors. This collaboration could create the world's third-largest auto group but faces challenges such as political scrutiny in Japan and Nissan's complex relationship with Renault. While shares of Nissan surged, Honda's stock declined slightly. Analysts express caution regarding the merger's potential impact on jobs and competition in the EV market, suggesting it may be necessary to address ongoing declines in sales and profitability.

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