Reported 3 days ago
The rise of Chinese car manufacturers is reshaping the global auto industry, exemplified by the merger discussions between Honda and Nissan as they seek to counter formidable competition from domestic brands, particularly in electric vehicles. With more than half of new car sales in China now comprising electric or hybrid models and increasing market dominance by brands like BYD, both Honda and Nissan are reconsidering their strategies to remain competitive in a rapidly evolving market. However, analysts question whether a merger alone will suffice without substantial advancements in technology.
Source: YAHOO