What does Nissan Mitsubishi deal mean for electric cars?

The electric car market is buzzing with news that Nissan is to take a 34% stake in troubled competitor Mitsubishi. As the automobile industry moves into the new electric car age, what does this deal mean for the electric vehicle industry?

This can only be good for the industry and Nissan may well have got itself a bargain. Surely more joint ventures and mergers must happen in the automobile sector?

When will we see the first traditional car manufacturer/EV manufacturer merger?