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Honda and Nissan will team up to build EVs as they look to keep pace with Tesla and BYD. The Honda and Nissan EV merger will create one of the world’s largest auto groups as they look to pull a third Japanese automaker into the partnership. Here’s everything you need to know.

How the Honda and Nissan EV merger will work

It’s official. Honda and Nissan signed a memorandum of understanding (MOU) on Monday, laying the groundwork for a joint EV holding company. Executives from both companies confirmed the news.

We knew the EV merger was coming soon after a Nikkei report last week claimed Honda and Nissan were closing in on a deal. With around 8 million combined sales, the landmark partnership will create the third-largest auto group globally, behind Volkswagen and Toyota.

In August, Honda and Nissan extended the collaboration to include Mitsubishi. Nissan, which owns a 24% stake in Mitsubishi, said including its partner is “significant” and will enable them to deliver even greater value.

Honda’s CEO, Toshihiro Mibe, explained, “At this time of change in the automobile industry, which is said to occur once every 100 years, we hope that Mitsubishi Motors”’ participation in the business integration discussions of Nissan and Honda will lead to further social change.”

Nissan-Honda-EV-merger
2025 Nissan Ariya Platinum+ e-4ORCE (Source: Nissan)

A rapidly changing auto industry

After kicking off discussions on Monday, Honda and Nissan said they plan to provide more details on Mitsubishi’s involvement around the end of January 2025. The EV merger is expected to be official by August 2026.

Honda-Nissan-EV-merger
2024 Honda Prologue Elite (Source: Honda)

The deal comes after “the business environment for both companies, the wider automotive industry, has rapidly changed.” During a press conference (via Reuters), Mibe said, “The rise of Chinese automakers and new players has changed the car industry quite a lot.” Honda’s chief added:

We have to build up capabilities to fight with them by 2030, otherwise we’ll be beaten.

Like most legacy automakers, Honda and Nissan are struggling to keep pace with Tesla and Chinese EV leaders like BYD.

BYD continues taking the auto market by storm. After another record sales month in November, its second straight with over 500,000 vehicles sold, BYD is causing legacy automakers, like Honda and Nissan, to make drastic moves.

Honda-Nissan-EV-merger
Nissan N7 electric sedan in China (Source: Nissan)

Under the EV merger, Honda will nominate a majority of the board. The new partnership is still subject to shareholder approval from both companies. Due to Nissan’s recently announced turnaround plan, it’s also contingent on obtaining approval from authorities.

Nissan announced its plans to cut around 9,000 jobs last month while reducing global production capacity by 20% after sales fell by 15% in the US and China in October.

Electrek’s Take

While BYD’s sales surge continues heating up, Japanese automakers have been some of the hardest hit. China is a key market for Japanese automakers, but it has become a battleground over the past few years.

In 2020, Japanese cars accounted for around 25% of vehicle sales in China. However, over the past four years, Japan’s auto giants have lost significant market share, more than any other region. And it’s not only in China. They are also quickly losing ground in Thailand, Singapore, and other critical global markets as Chinese EV leaders like BYD continue gaining ground.

Can Honda, Nissan, and Mitsubishi pool resources to turn things around and fend off the incoming wave of EV competition?

We will find out over the next few years as legacy automakers that were slow to transition to EVs continue scrambling to keep pace.

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Stig drifts 2,000 hp electric Ford Supervan around Top Gear test track [video]

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Stig drifts 2,000 hp electric Ford Supervan around Top Gear test track [video]

The Top Gear TV show might be over, but its tamed racing driver – a masked, anonymous hot shoe known only as “the Stig” – lives on … and his latest adventure involves pitching the 1,400 hp electric Ford SuperVan demonstration vehicle around the famed Top Gear test track. Sideways.

Whether we’re talking about record lap times at hallowed motorsports grounds like Bathhurst or the Hillclimb at the Goodwood Festival of Speed, we’ve been covering the 1,400 hp SuperVan project for some time – but the big boxy Transit-ish racing van with hypercar-slaying performance never seems to get boring.

In this video from the official Top Gear YouTube channel (is Top Gear just a YouTube show, now?), the boxy Ford racer seems to have sprouted an additional 600 peak horsepower in its latest “4.2” iteration, for a stout 2,000 hp total. For his (?) part, the Stig puts all of those horses to work in what appears to be a serious attempt to take the overall track record.

I won’t spoil the outcome for you, but suffice it to say that even the most die-hard anti-EV hysterics will have to admit that SuperVan is a seriously quick machine.

SuperVan 4.2: How fast can a 2000 hp transit go?

[SPOILERS AHEAD] Even with 2,000 hp, instant torque, and over 4,000 lbs. of aerodynamic downforce, the SuperVan wasn’t able to beat the long-standing 1st and 2nd place spots held by the Renault R24 (a legit Formula 1 race car) and the Lotus T125 Exos (a track-only special that sure looks like a legit Formula 1 race car), but after crossing the line with a time of 1:05.3, the Ford claims third place on the overall leaderboard.

That 3rd place is likely to be a permanent spot on Top Gear‘s leaderboard, as well – as the track itself is likely to be demolished somewhat sooner than later.

You can check out the video (above) and watch the whole segment for yourself, or just skip ahead to the eight-minute mark to watch the tire-shredding sideways action promised in the headline. If you do, let us know what you think of Ford’s fast “van” in the comments.

SOURCE | IMAGES: Top Gear.

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First autonomous electric loaders in North America get to work

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First autonomous electric loaders in North America get to work

Swedish multinational Sandvik says it’s successfully deployed a pair of fully autonomous Toro LH518iB battery-electric underground loaders at the New Gold Inc. ($NGD) New Afton mine in British Columbia, Canada.

The heavy mining equipment experts at Sandvik say that the revolutionary new 18 ton loaders have been in service since mid-November, working in a designated test area of the mine’s “Lift 1” footwall. The mine’s operators are preparing to move the automated machines to the mine’s “C-Zone” any time now, putting them into regular service by the first of the new year.

“This is a significant milestone for Canadian mining, as these are North America’s first fully automated battery-electric loaders,” Sandvik said in a LinkedIn post. “(The Toro LH518iB’s) introduction highlights the potential of automation and electrification in mining.”

The company says the addition of the new heavy loaders will enable New Afton’s operations to “enhance cycle times and reduce heat, noise and greenhouse gas emissions” at the block cave mine – the only such operation (currently) in Canada.

Electrek’s Take

Epiroc announces new approach to underground mining market in North America
Battery-powered Scooptram; image by Epiroc

From drilling and rigging to heavy haul solutions, companies like Sandvik are proving that electric equipment is more than up to the task of moving dirt and pulling stuff out of the ground. At the same time, rising demand for nickel, lithium, and phosphates combined with the natural benefits of electrification are driving the adoption of electric mining machines while a persistent operator shortage is boosting demand for autonomous tech in those machines.

The combined factors listed above are rapidly accelerating the rate at which machines that are already in service are becoming obsolete – and, while some companies are exploring the cost/benefit of converting existing vehicles to electric or, in some cases, hydrogen, the general consensus seems to be that more companies will be be buying more new equipment more often in the years ahead.

What’s more, more of that equipment will be more and more likely to be autonomous as time goes on.

We covered the market outlook for autonomous and electric mining equipment earlier this summer, and I posted an episode exploring the growing demand for electric equipment on an episode of Quick Charge I’ve embedded, below. Check it out, then let us know what you think of the future of electric mining in the comments.

More EVs means more mines, equipment

SOURCE | IMAGES: Sandvik, via LinkedIn.

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Contargo logistics adds 20 Mercedes eActros 600 electric semis to fleet

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Contargo logistics adds 20 Mercedes eActros 600 electric semis to fleet

European logistics firm Contargo is adding twenty of Mercedes’ new, 600 km-capable eActros battery electric semi trucks to its trimodal delivery fleet, bringing zero-emission shipping to Germany’s hinterland.

With over 300 miles of all-electric range, the new Mercedes eActros 600 electric semi truck was designed for (what a European would call) long-haul trucking. Now, after officially entering production at the company’s Wörth plant in Bavaria last month, the eActros 600 is reaching its first customer: Contargo.

With the addition of the twenty new Mercedes, Contargo’s electric truck fleet has grown to 60 BEVs, with plans to increase that total to 90. And, according to Mercedes, Contargo is just the first.

The German truck company says it has plans to deliver fifty (50) of the 600 kWh battery-equipped electric semi trucks to German shipping companies by the close of 2024.

Contargo’s 20 eActros 600 trucks were funded in part by the Federal Ministry for Digital Affairs and Transport as part of a broader plan to replace a total of 86 diesel-engined commercial vehicles with more climate-friendly alternatives. The funding directive is coordinated by NOW GmbH, and the applications were approved by the Federal Office for Logistics and Mobility.

Electrek’s Take

Holcim, a global leader in building materials and solutions, has recently made a significant commitment to sustainability by placing a purchase order for 1,000 Mercedes electric semi trucks.
Mercedes eActros electric semi; via Mercedes.

Electric semi trucks are racking up millions of miles in the US, and abroad. As more and more pilot programs begin to pay off, they’re going to lead to more orders for battery electric trucks and more reductions in both diesel demand and harmful carbon emissions.

We can’t wait to see more.

SOURCE | IMAGES: Contargo, via Electrive.

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