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Factbox-How Nissan and Honda stack up against each other
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Factbox-How Nissan and Honda stack up against each other
Feb 13, 2025 12:01 AM

(Reuters) - Japan's Nissan ( NSANF ) and Honda ( HMC ) said on Thursday they had officially ended talks to merge.

Following are key metrics for both automakers.

SALES

Honda ( HMC ) sold 3.8 million vehicles globally last year, while Nissan ( NSANF ) sold 3.3 million vehicles.

EARNINGS

Honda ( HMC ) earned 742.6 billion yen ($4.8 billion) in operating profit in the first six months of the current financial year, while Nissan ( NSANF ) reported 32.9 billion yen profit during the same period.

MARKET CAPITALISATION

Honda ( HMC ) is worth some 7.5 trillion yen ($48.6 billion) while market capitalisation for Nissan ( NSANF ) - 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 ( HMC ) 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 ( NSANF ) 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 ( HMC ) 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 ( HMC ) 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 ( NSANF ), 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 ( HMC ) had 194,993 employees as a consolidated group, while Nissan ( NSANF ) 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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