for cooperation in the electric vehicle sector, the two Japanese manufacturers have released a joint statement that each have signed a memorandum of understanding for the commencement of a feasibility study of a strategic partnership in the fields of vehicle electrification and intelligence.
“The two companies have reached the understanding based on the belief that it is necessary to combine their strengths and explore the possibility of future collaboration,” the joint statement read, and this will be to expedite efforts toward achieving carbon neutrality and zero traffic accident fatalities.
The scope of this feasibility study will include automotive software platforms, EV-related core components, and complementary products, according to the joint statement by the two manufacturers. “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,” Nissan president and CEO Makoto Uchida said in the statement.
“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,” Honda director, president and executive officer Toshihiro Mibe said in the joint statement.
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