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Nissan and Honda Discuss Potential Merger to Tackle EV Market

  • Shares of Nissan Motor surged 23.7% following reports of merger talks with Honda Motor, aiming to tackle the EV market.
  • Nissan's share price saw its best performance while Honda shares dipped 3%, and Mitsubishi Motors rallied as part of the proposed plan.
  • Nissan acknowledged exploring potential collaborations but no official decisions have been made regarding the merger.
  • A merger with Honda would benefit Nissan's financial underperformance and provide a fresh strategic direction, while Honda would gain access to shared technology.

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