Honda and Nissan in Merger Talks to Counter EV Rivals

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 fierce competition from the likes of Tesla and Chinese electric vehicle (EV) rivals, according to reports. News agency Nikkei first reported that the two companies were holding merger talks to determine how they could cooperate more closely on technology.

According to Reuters, the talks aim to set up an umbrella holding company and not necessarily merging the two companies together. Mitsubishi, which Nissan has a 24% stake in, is also considered to be included in the partnership. What’s for sure is that the two automakers have stepped up their cooperation in recent months as they seek a common strategy to address a fast-changing EV landscape. Related Both Honda and Nissan separately issued a statement confirming this much. “As announced in March of this year, Honda and Nissan are exploring various possibilities for future collaboration, leveraging each other’s strengths,” the statement says. Analysts believe Honda’s strengths in developing powertrains, notably for hybrids, could combine with Nissan’s experience in electric vehicles, which goes back to the LEAF in 2010. The two automakers’ partnership has been centering on technology for EVs, including components and software. What started as an alliance to face intense price competition from the likes of China’s BYD only intensified through the year as the global auto industry also recorded slowing sales in Europe and the U.S. In addition, the industry is now facing the potential reversal of pro-EV policies in the U.S. with the incoming administration of President-elect Donald Trump. The merger might also face scrutiny from the Trump administration, which has taken an aggressive stance on imported vehicles, including threats to impose steep tariff

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Honda and Nissan Reportedly in Merger TalksJapanese automakers Honda and Nissan are exploring the possibility of a merger to strengthen their position in the competitive automotive market.
출처: nbcchicago - 🏆 545. / 51 더 많은 것을 읽으십시오 »

Honda and Nissan in Merger Talks to Boost CompetitionNissan and Honda are reportedly in talks to merge, aiming to strengthen their position in the fiercely competitive automotive industry. The potential merger, which could involve a holding company structure, would be the largest in the industry since Fiat Chrysler and PSA Groupe united.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Nissan and Honda in Merger Talks to Bolster Global Automotive PresenceNissan and Honda are reportedly in discussions for a potential merger, aiming to strengthen their position in the evolving automotive landscape. The Nikkei reports that both companies are exploring a holding company structure and plan to sign a memorandum of understanding soon.
출처: NBCLA - 🏆 319. / 59 더 많은 것을 읽으십시오 »

Japan's Honda and Nissan to reportedly begin merger talksNissan and Honda plan to enter into negotiations for a merger to better compete in the rapidly changing automotive industry, the Nikkei newspaper reported.
출처: nbcsandiego - 🏆 524. / 51 더 많은 것을 읽으십시오 »

Honda and Nissan in Merger Talks to Combat EV CompetitionFacing pressure from Chinese EV manufacturers, Honda and Nissan are considering a merger to bolster their position in the electric vehicle market. The potential merger would involve creating a new holding company and could also include Mitsubishi.
출처: verge - 🏆 94. / 67 더 많은 것을 읽으십시오 »

Honda and Nissan Deny Merger Talks Amidst EV CompetitionHonda and Nissan have denied reports of merger talks by Nikkei, stating they are exploring various possibilities for future collaboration. The companies aim to leverage their strengths and will inform stakeholders of any updates. This comes amidst increasing competition from Chinese EV makers, pressuring legacy brands to prioritize profitability in their EV ventures.
출처: Investingcom - 🏆 450. / 53 더 많은 것을 읽으십시오 »