Nissan, Honda to explore partnership in electric vehicles

Japanese auto giants Nissan and Honda said Friday they had agreed to explore a strategic partnership in electric vehicles and other areas.

"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," it added. "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," he said.Hybrids combine battery power and internal combustion engines and have proven enduringly popular in Japan, accounting for 40 percent of sales in 2022.

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