Honda, Nissan to team up on EVs, intelligence tech

Two of Japan’s top carmakers, Honda Motor and Nissan Motor, have agreed to work together on electric vehicles and what they call “intelligent mobility.” Honda is the country’s Number 2 automaker and Nissan is Number 3. They have signed a memorandum of understanding for a feasibility study toward a strategic partnership. The two companies made the announcement on Friday.
Honda has a strong presence in the North American market, while Nissan has production bases in Europe. They may be able to supplement each other in their global strategies. The two companies currently trail their American and Chinese rivals in developing EVs. But they hope to collaborate to jointly procure parts and develop core components related to EVs. They aim to explore software platforms to power the next generation of vehicles.