Honda and Nissan officially agree to talk merger; eye sales of 30 tn yen via potential deal

Honda, Nissan, and Mitsubishi are joining forces to tackle the EV market. The Japanese automakers signed an MoU to explore a merger, forming a joint holding company by August 2026. This strategic move aims to boost competitiveness against Tesla and Chinese competitors, targeting combined sales of 30 trillion yen and over 3 trillion yen in operating profit.