Japanese giants Honda and Nissan are set to hold merger talks, according to a report by financial newspaper Nikkei. The two firms announced plans to work together in order to co-develop electric vehicle platforms and batteries in a bid to take on increasing competition in the EV market. According to Nikkei, the two firms are looking at joining forces under a single holding company.
Both statements read: “As announced in March of this year, Honda and Nissan are exploring various possibilities for future collaboration, leveraging each other's strengths.” The announcement of details about Honda and Nissan’s EV partnership gave some hints to the appeal of a possible greater tie-up between the two long-time rivals. Speaking at that time, Nissan CEO Makoto Uchida said: “Emerging players are very aggressive and making inroads at incredible speed.
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