Part 4/6:
The automotive landscape is not just marked by Tesla's advancements but also by the struggles of traditional manufacturers. Honda and Nissan have recently begun talks about a potential merger, an indication of the pressures imposed by the intense competition in the Electric Vehicle (EV) market. Both companies are grappling with rising debts and declining sales, underscored by their inability to keep pace with Tesla's innovation.
As they move toward consolidation, Honda and Nissan hope to pool resources and R&D efforts, but many industry experts are skeptical about whether this will effectively elevate them against formidable competitors like Tesla and the growing number of Chinese EV manufacturers.