Nissan Motor Co. is nearing a deal to procure electric vehicle batteries in the US from a joint venture between Ford Motor Co. and South Korea’s SK On, according to people familiar with the matter.

The companies said in statement that they have been in talks ... and Nissan announced that they would partner on electric vehicles and in August said they would collaborate on battery technology.

In a press release this morning, both companies have announced that they've formally agreed to merger talks. In addition to Honda and Nissan ... If they manage a battery breakthrough and begin ...

The companies said in statements that they were in talks. “As announced in March of this year, Honda and Nissan are exploring ... required for a shift toward battery-powered vehicles has led ...

In a joint statement, Honda and Nissan said they were "considering various ... but the high investment costs in pivoting to battery-powered vehicles has "led it to seek partnerships." ...