On February 5, according to Japanese media reports, Honda and Nissan may terminate merger negotiations. The two parties originally planned to integrate through a holding company, but failed to reach an agreement on the integration ratio and other conditions. According to previous reports, Honda has approached Nissan to discuss incorporating it into a subsidiary due to lagging behind in the reorganization plan, but Nissan is strongly opposed to this idea. At present, Nissan and Honda have not officially expressed their stance on stopping the merger. In addition, the official website of the Tokyo Stock Exchange announced on the 5th that in order to confirm the authenticity of the news that Honda and Nissan have stopped their merger, trading in Nissan Motor shares will be suspended from 14:49 local time.