Honda, Nissan Deal May Be Key in Fight Against China's BYD [Yahoo! Finance Canada]
BYD CO LTD UNSP/ADR (BYDDY)
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Source: Yahoo! Finance Canada
struggling Japanese brands the scale they need to take on China's BYD Co., sales figures released Wednesday show. Most Read from Bloomberg Honda, which earlier this week sketched out plans for a deal that amounts to an acquisition of Nissan, sold 3.43 million cars globally in the first 11 months of 2024. Nissan said it sold just over 3 million. China's biggest automaker BYD sold 3.76 million vehicles over the same period — a clear illustration of how Nissan and Honda are weak alone but, together, might have a fighting chance. Honda and Nissan are both having trouble contending with ascendant domestic automakers in China, which surpassed Japan as the world's largest car exporter last year and is set to pull further ahead in 2025. The duo have had to pare back staffing and production in China, while Mitsubishi Motors Corp., which may also participate in the Honda-Nissan combination, has all but pulled out of the world's biggest car market. Honda's sales in China fell 28% in
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