BusinessFILE - The Nissan Motor Co. logo is displayed at the global headquarters of Nissan Motor Co.,. in Yokohama near Tokyo, on July 22, 2020. Nissan and Honda agreed Friday, March 15, 2024 to work together on developing electric vehicles and auto intelligence technology. – Nissan and Honda announced Friday that they will work together in developing electric vehicles and auto intelligence technology, sectors where Japanese automakers have fallen behind.
“We don’t have time,” he said. “It is significant that we have reached this agreement based on a mutual understanding that Honda and Nissan face common challenges.” But Japanese automakers have fallen behind rivals such as Tesla of the U.S. and BYD of China in developing EVs, partly because they have historically been so successful with combustion engine vehicles.