{"id":2381394,"date":"2024-12-18T12:21:02","date_gmt":"2024-12-18T17:21:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nissan-and-honda-consider-merger-to-compete-with-china-in-ev-market\/"},"modified":"2024-12-18T12:21:37","modified_gmt":"2024-12-18T17:21:37","slug":"nissan-and-honda-consider-merger-to-compete-with-china-in-ev-market","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nissan-and-honda-consider-merger-to-compete-with-china-in-ev-market\/","title":{"rendered":"Nissan and Honda consider merger to compete with China in EV market"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnissan-and-honda-consider-merger-to-compete-with-china-in-ev-market%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2381394&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Nissan and Honda, two prominent Japanese automakers, are \u2063rumored to be contemplating a merger in order to strengthen their \u200bposition in the <a href=\"https:\/\/amzn.to\/3YuVZYV\">increasingly competitive \u200celectric\u200c vehicle<\/a> (EV) market. \u2063This strategic move is seen as a response to the growing dominance of companies like Tesla and other\u200b Chinese manufacturers in the EV sector. \u200cBy joining forces, Nissan and Honda aim\u2062 to \u200denhance their capabilities and resources to better compete against these\u2063 industry giants.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Nissan and Honda consider merger to compete with Tesla and China in EV market<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1915309\" class=\"tpd-featured-video bridtv\"><\/div>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/tag\/japan\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Japanese <\/a>automakers <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/nissan\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Nissan<\/a> and <a href=\"http:\/\/washingtonexaminer.com\/tag\/honda\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Honda<\/a> are reportedly considering a merger to make themselves more competitive in the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-minority-leader-mcconnell-infrastructure-plan-is-lumped-up-list-of-leftist-priorities\/\" title=\"Senate Minority Leader McConnell: Infrastructure plan is lumped up list of leftist priorities\">electric vehicle market<\/a>, particularly in the face of Tesla and <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/energy-and-environment\/2961599\/behind-chinas-global-dominance-as-an-ev-producer\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Chinese<\/a> manufacturers&rsquo; success.<\/p>\n<div class=\"article-paywall\">\n<p>Neither company has agreed to a deal yet, and their discussions are in the early stages. Honda CEO Toshihiro Mibe said Wednesday that the companies are also looking at other partnership possibilities.<\/p>\n<p>&ldquo;We are also exploring possibilities aside from a merger, such as joint ventures between parts of our companies,&rdquo; Mibe told reporters, according to video shared by&nbsp;<a href=\"https:\/\/www.youtube.com\/watch?v=3j-IBPotlwA\" target=\"_blank\" rel=\"noreferrer noopener\">TBS<\/a>, a local broadcaster.<\/p>\n<p>As for Nissan, a spokesperson told the BBC, &ldquo;As announced in March of this year, Honda and Nissan are exploring various possibilities for future collaboration, leveraging each other&rsquo;s strengths.&rdquo;<\/p>\n<p>The companies produced and sold about 7.6 million cars in 2023. The combined sales of the two companies would make them the third-largest automaker in the world, below Volkswagen and Toyota.<\/p>\n<p>On their own, though, they have to fend off close challengers from Chinese automaker Changan, among others in the country, and Tesla, both significant players in the EV market. Of the two, Japanese automakers see Chinese manufacturers as those they want to be most competitive with on EVs.<\/p>\n<p>Ted Jenkin, author and CEO of oXYGen Financial, told the&nbsp;<em>Washington Examiner<\/em>&nbsp;that geography plays a large role in why China is a top EV maker in the world.<\/p>\n<p>&ldquo;China owns and controls 70% of the supply chain for rare earth [elements], which is a key element for battery production,&rdquo; Jenkin said.&nbsp;&ldquo;In addition, China has a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/behind-chinas-global-dominance-as-an-ev-producer\/\" title=\"Exploring China&#039;s Leading Role in Electric Vehicle Production\">strong internal market<\/a>, favorable government policies, and innovative charging technologies they are developing.&rdquo;<\/p>\n<p>Beyond Nissan and Honda merging, the two companies have been working with another Japanese automaker, Mitsubishi. In August, the three companies announced they would have a joint venture in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ford-gm-upgrade-their-heavy-duty-pickup-profit-machines\/\" title=\"Ford, GM upgrade their heavy-duty pickup profit machines\">developing electric vehicles<\/a>, new software, and green technologies.<\/p>\n<p>&ldquo;The automobile industry is in a period of transformation said to occur once in a century,&rdquo; Mibe said at the time. &ldquo;We expect that the combination of technologies and knowledge cultivated by Nissan and Honda, as well as the strength and experience of Mitsubishi Motors, will enable us to more quickly resolve various issues related to electrification and intelligence on a global scale, and help lead societal reforms as a top runner.&rdquo;<\/p>\n<p>Nissan holds 24% of Mitsubishi&rsquo;s shares, so a merger with Honda would intertwine the three permanently.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong><\/strong><\/a><\/p>\n<p>The markets had mixed reactions to the news of Honda and Nissan&rsquo;s possible merger.<\/p>\n<p>Honda&rsquo;s share price was down about 3.1% as of 11 a.m. Wednesday, while Nissan&rsquo;s was up about 17.1%. Mitsubishi&rsquo;s stock price had little reaction, dropping just 0.12%.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1915309\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1915309\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nissan and Honda explore merger to boost EV competitiveness<\/p>\n","protected":false},"author":1,"featured_media":2381395,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/01\/092618-honda-plant-tariffs.jpg.optimal.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[15182,47044,17727,16353,11836],"class_list":["post-2381394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-china-competition","tag-ev-market","tag-honda","tag-merger","tag-nissan"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/01\/092618-honda-plant-tariffs.jpg.optimal.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2381394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2381394"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2381394\/revisions"}],"predecessor-version":[{"id":2381398,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2381394\/revisions\/2381398"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2381395"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2381394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2381394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2381394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}