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The two want to strengthen their offerings in the face of Chinese competition in the electric vehicle sector.
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 Japanese automakers Honda and Nissan have announced plans to work toward a merger, forming the world's third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels.
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Both companies are grappling with intense global competition in the electric vehicle market from the likes of Tesla and China's BYD.
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Japanese automakers Honda and Nissan have announced plans to work to a merger, forming the world's third-largest automaker by sales as the industry undergoes changes in its move from fossil fuels.
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Investors will be looking out for any official announcement related to the merger of Japanese automakers Honda Motor and Nissan Motor.
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 Japanese carmakers Honda and Nissan are reportedly considering a merger — a sign that major global manufacturers are joining forces to compete against their mighty Chinese competitors as the auto world goes electric.
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