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Honda, Nissan in merger talks to compete with Tesla, Chinese EV rivals, reports say

  • Honda and Nissan, Japan’s second- and third-largest automakers, are holding merger talks to create a structure that would enable them to better withstand competition from Tesla and Chinese EV rivals.
  • The talks aim to set up an umbrella holding company and not necessarily merge the two companies together.
  • The partnership may also involve Mitsubishi, in which Nissan has a 24% stake.
  • The collaborative efforts between Honda and Nissan focus on technology for electric vehicles, including components and software.

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