Honda and Nissan to Explore Merger, Forming Japanese EV Powerhouse

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Merger,Honda,Nissan

Honda and Nissan are planning to sign a memorandum of understanding (MoU) for equity stakes in a new holding company, potentially leading to a merger. This move aims to strengthen their position against Tesla and Chinese EV manufacturers. The combined entity would be a major player in the global automotive market, exceeding General Motors in sales volume.

has reported. This could ultimately grow to include Mitsubishi, which would form two camps of Japanese automakers, the other being Toyota which has stakes in

The merger, if materialised, will pool the automaker’s resources for them to better compete against Tesla as well as Chinese electric vehicle makers,said. Honda and Nissan plan to sign a memorandum of understanding for equity stakes in a new holding company under which the resulting combined company would operate,Honda, Nissan and Mitsubishi combined sold around four million vehicles in the first half of this year, whereas Toyota sold 5.2 million vehicles in the same period.

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