Business
business

Nissan and Honda are looking to merge to take on Tesla and China

Japanese automakers Nissan and Honda are in talks to merge in order to better compete with electric-vehicle makers like Tesla and China’s BYD, Nikkei reported Tuesday. 

The two companies are reportedly considering operating separately under a holding company. They are also looking to deal Mitsubishi into the tie-in as well. 

The move comes as competition for market share for EVs is intensifying, with most traditional combustion-vehicle makers releasing their own EV models in recent years.

On the news of the merger, Nissan is up 5.8% and Honda is up 1.5%.

The two companies are reportedly considering operating separately under a holding company. They are also looking to deal Mitsubishi into the tie-in as well. 

The move comes as competition for market share for EVs is intensifying, with most traditional combustion-vehicle makers releasing their own EV models in recent years.

On the news of the merger, Nissan is up 5.8% and Honda is up 1.5%.

More Business

See all Business

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.