Honda and Nissan have confirmed they are in the early stages of forming a potential strategic partnership.
Nissan and Honda, both slow to roll out electric vehicles, are looking to partner on the areas of electric vehicles and software to help speed up development and lower costs.
The automakers on Friday announced the signing of a memorandum of understanding for the start of a feasibility study exploring the potential partnership. The scope of the study covers software platforms, core EV components, and other related products, the automakers said in a joint statement.According to the sources, the primary goal is to reduce costs to help the automakers compete with cheaper EVs being launched by Chinese brands. China's EV leadership helped the country overtake Japan last year to become the world's largest exporter of vehicles.
Honda already formed a partnership with General Motors to accelerate the development of EVs for North America. The partnership has resulted in theNissan is part of an alliance with Renault and Mitsubishi, though neither of those brands have a strong footing in the key markets of the U.S. and China, where Nissan stands to benefit most from launching EVs.earlier this month reported that Nissan is in talks with Fisker about an investment to gain access to the platform of Fisker's planned.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Are Nissan And Honda About To Create An EV Alliance To Counter China?A report suggests that the two Japanese automakers are considering a joint venture, in light of increased pressure from Chinese EV makers
Read more »
Honda Might Team Up With Nissan For Cheap EV After Ditching Plans With GMNissan is looking for a partner to make a new modular electric axle and EV platform, and Honda might fit the bill, Nikkei reported.
Read more »
Honda Might Team Up With Nissan For Cheap EV After Ditching Plans With GMNissan is looking for a partner to make a new modular electric axle and EV platform, and Honda might fit the bill, Nikkei reported.
Read more »
Honda and Nissan agree to work together in developing electric vehicles and intelligent technologyNissan and Honda have announced they will work together in developing electric vehicles and auto intelligence technology, sectors where Japanese automakers have fallen behind.
Read more »
Cars selling highest above MSRP and lowest below MSRPPremium brands tended to be priced above MSRP, while EVs and large trucks fell below.
Read more »
US EV Sales Up 385% Since 2019, Normal “ICE” Vehicle Sales Down 14%Clean Tech News & Views: EVs, Solar Energy, Batteries
Read more »