Nissan And Honda End Merger Talks, Plan To Collaborate On Electric Vehicles

Nissan Motor Co. and Honda Motor Co., today agreed to terminate the MOU signed on December 23 last year for consideration of a business integration between the two companies.

Since the signing of MOU, the management teams from both the companies, have discussed and considered the surrounding market environment, the objectives of the business integration, and the management strategies and structures post-integration. Additionally, taking into account the importance of a business integration, both companies have carefully consulted with various stakeholders.

As a result of these discussions, both companies concluded that, to prioritize speed of decision-making and execution of management measures in an increasingly volatile market environment heading into the era of electrification, it would be most appropriate to cease discussions and terminate the MOU.

In August last year, Nissan Motor Co., Ltd. and Honda Motor Co., Ltd. have agreed to conduct joint research on foundational technologies for next-generation software-defined vehicles (SDVs). The collaboration aims to accelerate efforts towards a carbon-neutral and accident-free society by focusing on SDVs. Both companies are investing in and promoting research and development in key areas such as autonomous driving, connectivity, and artificial intelligence (AI). These technologies are seen as crucial for the future value and competitiveness of vehicles.