<ul><li>Japanese automakers Honda and Nissan are set to enter into talks for a merger, along with the possibility of including Mitsubishi.</li><li>The merger aims to consolidate resources and compete against Tesla and Chinese electric vehicle makers.</li><li>The plan involves signing a memorandum of understanding for equity stakes in a new holding company.</li><li>If the merger is successful, the combined group would have an annual volume of 6.7 million units.</li></ul>

Honda and Nissan to start merger talks, in hope to compete with Toyota, Tesla and Chinese EV brands

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