Honda and Nissan are planning a major merger focusing on ‘intelligence and electricity’

Japanese car giants Honda and Nissan are preparing the details of great disagreement that he can create the world the third largest car manufactureras companies look to survive in an industry facing uncertainty.

With the shift led by Tesla to electric cars, and China’s growing demand in the auto market, companies such as Honda and Nissan are feeling pressure to compete. If they go through with the merger, it could be completed by 2026. Nissan affiliate Mitsubishi has to decide by the end of January 2025 whether to join the new deal.

Nissan and Mitsubishi are already in a relationship with French carmaker Renault, although the relationship has grown significantly – especially after the former chairman of the alliance, Carlos Ghosn, was arrested in Japan on allegations of financial misconduct and then he fled the country. “As a major shareholder of Nissan, Renault Group will consider all options based on the interests of the group and its stakeholders,” a Renault spokesman said in a statement.