What Honda’s merger talks with Nissan tell us about Chinese strength in the EV market
Japanese automakers Honda Motor Co. and Nissan Motor Co. are exploring the possibility of a merger, according to reports late Tuesday, in a bid to better compete against foreign electric-vehicle makers like Tesla Inc.
Potential Honda-Nissan merger could be the first of many as carmakers try to challenge China
Japanese carmakers Honda and Nissan are reportedly considering a merger — a sign that major global manufacturers are joining forces to compete against their mighty Chinese competitors as the auto world goes electric.
Nissan and Honda consider merger to compete with Tesla and China in EV market
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.
Nissan, Honda consider possible merger in the face of growing Chinese competition
Japanese automakers Nissan Motor and Honda Motor said on Wednesday that they were exploring possibilities to deepen cooperation, following local media reports about talks between the two companies on a possible merger in the face of growing competition from Chinese electric vehicle manufacturers.
Nissan stock surges 30% amid possible merger with Honda as Japan automakers look to take on Chinese EVs
The move would bring the two struggling car companies together in a bid to reclaim market share from rising domestic brands in China, the world’s largest car market. Nissan Motor (NSANY) shares surged 30% Wednesday following a Nikkei newspaper report that the struggling Japanese automaker is in talks with Honda Motor (HMC) over a possible merger in a move that could upend the electric vehicles (EV) market.
Japanese automakers want to fend off China. But Nissan and Honda deny merger rumors.
Nissan and Honda said they are considering collaboration but denied rumors of a merger. The Japanese automakers announced in August that they, along with Mitsubishi, will share components for electric vehicles as Chinese EVs cut into their market share.
Behind a potential Honda and Nissan tie-up, the existential threat posed by Chinese EVs
Some unions are born of necessity, others from convenience. In the case of Honda and Nissan's potential merger, it is mostly defensive as Chinese rivals take the world by storm. While the challenge from China's seemingly boundless EV expertise looms large for all traditional automakers,
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