Japanese automakers Honda and Nissan are in talks to merge to better compete with electric vehicle manufacturers like Tesla, BYD, and others. As reported by Nikkei Asia, the two have discussed signing a memorandum of understanding that outlines plans to split equity into a new holding company from which both will do business, according to anonymous sources.
Both Honda and Nissan are also discussing a plan to pull Mitsubishi into the party, which would be akin to how various Japanese electronics brands banded together — such as Konica Minolta, JVCKenwood, and others. Honda and Nissan were already working together to develop EV technology and software and had invited Mitsubishi to that party as well.
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