Nissan and Honda have announced the signing of a memorandum of understanding under which they will initiate a feasibility study of a strategic partnership in the areas of electric vehicles as well as software development, in order to reduce costs.
Nissan, the third largest automaker in Japan, and Honda, the second, intend to join forces to explore the possibility of future collaboration, for the creation of “software platforms, battery technologies for electric vehicles and complementary products”.
For both companies, the agreement signed this Friday aims to further accelerate efforts towards carbon neutrality and zero deaths in road accidents. To achieve this, they agree that “it will be essential to strengthen environmental and electrification technologies”, emphasizes the joint statement.
“It is important for us to prepare for the increasing pace of transformation in mobility in the medium and long term, and it is significant that we have reached this agreement based on a mutual understanding that Honda and Nissan face common challenges. We look forward to further discussions and intend to find mutual gains for sustainable growth”, emphasized Nissan’s CEO, Makoto Uchida.
The partnership between Nissan and Honda comes at a time when Japanese automakers are striving to rethink the development and production of electric vehicles, after being surpassed by rivals, particularly from China, and in this sense the partnership between companies is seen as a key strategy to reduce costs.
“In this once-in-a-century period of transformation in the automotive industry, we will examine the potential partnership between Nissan and Honda. Our study criteria will be whether the synergy of technologies and knowledge that our companies have cultivated will allow us to become industry leaders, thus creating new value for the automotive industry.”, emphasized Toshihiro Mibe, CEO of Honda
