Behind a potential Honda and Nissan tie-up, the existential threat posed by Chinese EVs

Quick Summary:

They have lost ground in China, the world’s biggest auto market, as domestic brands win consumers with EVs and hybrids.

Mr Eikei Suzuki, a lawmaker from the ruling Liberal Democratic Party who represents Mie prefecture – home to a Honda plant and its Suzuka Circuit racetrack – said he hopes that if Honda and Nissan were to integrate, it would increase their global competitiveness.

Consolidation through mergers can help by slashing costs and pooling resources, but it remains to be seen whether Japan’s auto industry – like the US or German auto industry – can sufficiently compete in EVs.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaJapanUnited States

Topics: Industry Cent Japan’s Nissan Auto Tokyo Manufacturing Honda Automakers Japan Been

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-20 @ 13:59:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 763 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 24565847

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