(Reuters) – Japan’s Nissan and Honda said on Thursday they had officially ended talks to merge.
Following are key metrics for both automakers.
SALES
Honda sold 3.8 million vehicles globally last year, while Nissan sold 3.3 million vehicles.
EARNINGS
Honda earned 742.6 billion yen ($4.8 billion) in operating profit in the first six months of the current financial year, while Nissan reported 32.9 billion yen profit during the same period.
MARKET CAPITALISATION
Honda is worth some 7.5 trillion yen ($48.6 billion) while market capitalisation for Nissan – which has never fully recovered from years of crisis sparked by the 2018 ouster and arrest of former chairman Carlos Ghosn – is nearly five times smaller. A decade ago, the two automakers were both worth around 4.6 trillion yen.
MAJOR MARKETS
Honda’s most important market is the United States, accounting for 37% of its 2024 vehicle sales. Combined with Canada and Mexico, North America represented 42% of sales, while China’s share was 22% and Japan’s was 17%. Europe accounted for only 3% of sales.
Nissan’s biggest market is also North America, accounting for 38% of its vehicles sold in 2024, with the U.S. representing 27%. China accounts for 21%, Japan is 14% and Europe is 10%.
ELECTRIFICATION TARGETS
Honda aims to boost electric vehicle output to more than 2 million units per year by 2030, when it wants 40% of its new car sales to be EVs and fuel cell vehicles. Honda plans to sell only EVs and FCVs by 2040.
It has also said it wants to sell 1.3 million hybrid vehicles annually by 2030, double its 2023 levels.
Nissan, once an EV pioneer that introduced the first mass-market electric car Leaf in 2010, is aiming for EVs and hybrids to make up 60% of its global sales by 2030.
EMPLOYEES
Honda had 194,993 employees as a consolidated group, while Nissan employed 133,580 as of the end of March 2024, according to securities filings.
($1 = 154.0100 yen)
(Compiled by Kantaro Komiya in Tokyo and Miyoung Kim in Singapore; Editing by Jamie Freed and Edwina Gibbs)
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