Japanese auto giants Honda Motor and Nissan Motor confirmed Wednesday they are evaluating multiple collaboration scenarios, including the creation of a joint holding company structure, though both companies emphasized no formal merger agreement has been reached.
The potential partnership discussions follow growing industry pressures around electric vehicle development and intense global competition. The two automakers, which collectively delivered 7.4 million vehicles in 2023, already initiated preliminary talks in March regarding electric vehicle cooperation.
A Honda representative clarified that while recent merger reports align with some options under review, no definitive decisions have been made regarding the final form of collaboration between the companies.
The talks emerge as automakers worldwide seek strategic partnerships to share mounting costs of electric vehicle technology, autonomous driving systems, and other next-generation automotive innovations. A potential Honda-Nissan alliance would create one of Japan's largest automotive groups.
Industry analysts suggest that combining resources could help both companies accelerate their electric vehicle programs while maintaining competitiveness against larger global rivals. However, complex details around brand identities, manufacturing operations, and corporate structures would need careful consideration before any formal agreement.
Both companies maintain their independent operations and market presence while discussions continue. The automotive industry and investors await further details as talks progress between these two major Japanese manufacturers.