Honda has concentrated its efforts on hybrid vehicles, catering to markets with growing demand, particularly in the United States. Unlike Nissan, Honda offers a range of hybrid models in the US, capitalizing on the increasing popularity of fuel-efficient alternatives among American consumers.

Japanese auto giants Honda and Nissan are set to discuss a merger, amid stiff competition from the likes of Tesla and BYD. They'll explore operating jointly under a holding company, and possibly even bring Mitsubishi into the mix.

With this planned merger, the top Japanese car titans will lead to creating the third-largest automotive company in the world, and they also have Nissan alliance member, Mitsubishi Motors, also looking to join the deal to form this new auto superteam.