Japanese carmakers Nissan and Honda are reportedly in talks to merge, aiming to bolster their position in the rapidly evolving electric vehicle market. The potential deal could result in the creation of the world's third-largest auto group by sales.
Top Japanese carmakers Nissan Motor and Honda Motor are exploring a merger to stay competitive in the full electrification era. The potential tie-up could create the third-largest auto group globally, with 8 million annual sales, according to Citi. This comes as automakers face increased competition from EV giants like Tesla and BYD. The domestic rivals are expected to sign a memorandum of understanding soon.
However, the mega-merger faces obstacles, including potential political scrutiny in Japan due to job losses and the unwinding of Nissan's alliance with Renault. Nissan shares have surged to their best day in at least 40 years following the merger reports
MERGER AUTO INDUSTRY ELECTRIC VEHICLES COMPETITION JAPANESE COMPANIES
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