On December 22, according to Japan's Kyodo News, Honda and Nissan Autos will officially start negotiations for a merger from the 23rd, while Mitsubishi Autos is coordinating whether to participate in the merger by early next year, clarifying the conditions for entering the holding company and other terms. The presidents of the three companies will report to Japan's Ministry of Economy, Trade and Industry and the Ministry of Land, Infrastructure, Transport and Tourism on the 23rd, and then hold a press conference to officially announce the news. It is reported that in the merger negotiations between Honda and Nissan, both sides will discuss ways to produce Autos at each other's factories and explore a plan for Honda to supply hybrid vehicles to Nissan, which lacks best-selling models in the USA. The two companies plan to cooperate in a wide range of areas, but Honda has proposed that the 'V-shaped recovery' of Nissan's performance be a condition for the merger.