Honda and Nissan in Merger Talks Amidst EV Competition

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Merger,Honda,Nissan

Reports indicate that Japanese automakers Honda and Nissan are in discussions to merge, seeking to bolster their position against dominant electric vehicle manufacturers like Tesla and BYD. While both companies haven't confirmed the merger, they acknowledged exploring future collaboration possibilities. This news comes as both companies grapple with challenges in the rapidly evolving EV market and strive to remain competitive.

Honda Motor and Nissan Motor are reportedly in the process of merging their companies and are set to start negotiations soon, according to Japanese media.

The merger plans have not been confirmed by either company. On Tuesday, both companies released identical statements tossing water on the reports. The respective market capitalizations of Honda and Nissan are roughly 5.95 trillion yen and 1.17 trillion yen .

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