As the deal talks ended on Thursday, Honda and Nissan said they will continue their partnership on the in-house development of batteries, software and electric vehicle technology along with Mitsubishi.
Talks for a multi-billion-dollar merger between Japanese car giants Honda and Nissan have collapsed, formally ending the negotiations for the deal that would have led to the formation of one of the world’s biggest carmakers.
The talks over a potential merger followed a collaboration earlier last year that saw Honda and Nissan agree to jointly develop EV technology, including software systems and battery platforms.
Honda Motor Co and Nissan Motor Corp announced in December they would hold talks to set up a joint holding company.
Nissan reported loss in sales for the July-September quarter as its vehicle sales sank and it stunned investors in November when it decided to cut profit forecast by 70 per cent.
