Honda and Nissan are reportedly preparing to enter discussions about a potential merger, according to a recent report from Nikkei Asia. The deal, which would also include Mitsubishi Motors, a company in which Nissan holds a 24-percent stake, is still in its early stages, with few details available at this time.
The automakers are considering the possibility of forming a holding company, though specifics regarding ownership stakes in the new entity are yet to be decided. This announcement follows reports earlier this year suggesting that Nissan faced a challenging future, with some speculating that Honda could acquire a stake in the company.
This move comes amid ongoing shifts in the automotive industry, particularly as Tesla and BYD continue to dominate the electric vehicle (EV) market. Nissan, once a pioneer in EV adoption with the Nissan Leaf, has seen its position slip, with its competitors gaining ground in the rapidly expanding EV sector. Nissan and Honda had already discussed potential EV collaborations earlier in 2024, aiming to accelerate the development and rollout of new electric vehicle platforms.
In addition to EV partnerships, Nissan made headlines in October when it announced its investment in ChargeScape, a joint venture between BMW, Ford, and Honda focused on creating software for managing electric vehicle charging and supporting grid stability.
Meanwhile, Nissan’s recent collaboration with Tesla to offer Supercharger access for the Nissan Ariya EV highlights the company’s continued efforts to advance its electric vehicle infrastructure.
