Japanese automakers Honda and Nissan have announced plans to begin discussions on a potential merger, aiming to strengthen their position in the electric vehicle market and better compete with Chinese manufacturers and Tesla.
In collaboration with Mitsubishi Motors, the two companies have signed a memorandum of understanding to explore the formation of a joint holding company.
“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,” according to a joint statement.
As part of this initiative, Honda and Nissan revealed plans to list the proposed holding company on the Tokyo Stock Exchange’s prime market.
“Shares of the newly established joint holding company under consideration are planned to be newly listed (technical listing) on the prime market of the Tokyo Stock Exchange. The listing is scheduled for August 2026,” the statement further disclosed.
The talks mark a significant step towards reshaping the landscape of Japan’s automotive industry as the companies explore a combined future.
