Japanese automakers Nissan and Honda have formally ended talks on a $50 billion merger, initially aimed at creating the world's third-largest automaker. Both companies cited a need for increased decision-making speed amid stiff competition, particularly from Chinese EV makers like BYD. While Honda initially suggested restructuring the deal to make Nissan a subsidiary, this proposal was not accepted. Instead, Nissan is now looking for new partnerships, with KKR considering an investment to bolster its finances, and Foxconn signaling interest in collaboration. The two firms will continue their strategic partnership and efforts in electric vehicle technology.