Honda and Nissan in talks for developing EVs together

KUALA LUMPUR: Honda and Nissan, two leading Japanese automotive giants, have taken a significant step towards collaboration in the electric vehicle sector. The automakers have officially announced the signing of a memorandum of understanding (MoU), signalling the start of a feasibility study for a potential strategic partnership.

Both Honda and Nissan highlight the importance of advancing environmental technologies, electrification systems, and software development to accelerate efforts toward carbon neutrality and reduce traffic-related fatalities to zero. They emphasise the need to combine their strengths and explore the possibility of future collaboration.

The scope of the feasibility study covers various aspects, including automotive software platforms, core components related to EVs, and complementary products. 

Makoto Uchida, Nissan's president and CEO, expressed optimism about the potential collaboration. He said “It is important to prepare for the increasing pace of transformation in mobility in the mid-to-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 aim to find win-wins for sustainable growth.”

Adding to that, Toshihiro Mibe, Honda director, president, and representative executive officer, said: “In this period of once-in-a-century transformation in the automotive industry, we will examine the potential for partnership between Nissan and Honda. Our study criteria will be whether the synergy of the technologies and knowledge that our companies have cultivated will enable us to become industry leaders by creating new value for the automotive industry.”

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