Honda, Nissan in merger talks to counter Tesla, other EV rivals

Japanese auto giants Honda and Nissan on Monday agreed to launch talks on a merger seen as a bid to catch up with Chinese rivals and Tesla on electric vehicles.

The two firms, along with Mitsubishi Motors, “have signed a memorandum of understanding to start discussions and considerations toward a business integration between the two companies through the establishment of a joint holding company,” a joint statement said.

Meanwhile, the duo said Monday they aim to list a new holding company in August 2026 as the pair announced they are entering talks on a merger.