Nissan and Honda hold merger talks to fight cheap Chinese EV competition amid electric car sales slump Japanese car makers Honda and Nissan are in talks over a potential merger to help them survive the slowing electric car market, as they continue to struggle against Chinese manufacturers such as BYD, Geely and SAIC as well as American EV powerhouse, Tesla.
Honda and Nissan are reported to be in talks about a potential merger to help them survive in the growing electric car market.
The Japanese car manufacturing giants are said to be considering operating under a holding company and will sign a memorandum to that effect, but the discussions are in early stages and neither company has confirmed that a deal has taken place.
Nissan - which is Japan's second biggest car manufacturer, with Honda third - has been struggling to find ways out of its estimated $5.6billion debt.
While the union would raise questions about British jobs – Nissan employs 7,000 workers in the UK – it would see the firms amalgamate a combined worth of £41bn.
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