Japanese automakers Nissan and Honda are reportedly considering a merger to make themselves more competitive in the electric vehicle market, particularly in the face of Tesla and Chinese manufacturers’ success.
Neither company has agreed to a deal yet, and their discussions are in the early stages. Honda CEO Toshihiro Mibe said Wednesday that the companies are also looking at other partnership possibilities.
“We are also exploring possibilities aside from a merger, such as joint ventures between parts of our companies,” Mibe told reporters, according to video shared by TBS, a local broadcaster.
As for Nissan, a spokesperson told the BBC, “As announced in March of this year, Honda and Nissan are exploring various possibilities for future collaboration, leveraging each other’s strengths.”
The companies produced and sold about 7.6 million cars in 2023. The…
