Mint Quick Edit | Can a Honda-Nissan merger secure an EV boost?
3 weeks, 6 days ago

Mint Quick Edit | Can a Honda-Nissan merger secure an EV boost?

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Could Japanese carmakers rally together to push the pedal on electric vehicles, a fast-emerging market in which they lag their overseas rivals? While their headquarters only confirm further talks, Nissan’s biggest shareholder Renault is said to be open to the idea and now stock markets seem to be betting on the two merging to form a $54 billion business, the world’s third biggest auto group by sales after Toyota and Volkswagen. Faced with Chinese EVs zipping ahead, Japanese carmakers must decide whether to abandon their big bet that hybrids would lead the auto sector’s conversion to clean energy. A carbon shock could yet take away the competitive edge that an oil shock gave Japanese carmakers half a century ago.

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