Honda, Nissan to develop EVs together

Japanese automakers announced Friday they will work together to develop electric vehicles.

According to Friday’s news, Nissan and Honda, the country’s second- and third-largest automakers, plan to begin a feasibility study in a new partnership that will include an automotive software platform and complementary The product will be included. release.

This partnership comes as Japanese EV manufacturers face increasing competition from Chinese EV manufacturers.

Honda is aiming to expand sales of battery-powered vehicles. According to the company, the company sold about 2.8 million cars in the first nine months of last year. Reutersaccounting for less than 0.5% of global sales.

Nissan CEO Makoto Uchida said the agreement is of paramount importance to both companies as they face “common challenges” and want to find common threads that will deliver sustainable growth in the future. said.

“It is important to prepare for the accelerating pace of change in mobility over the medium to long term, and we are pleased that Honda and Nissan have reached this agreement based on a mutual understanding that we face common challenges,” he said. It’s important.” . “We look forward to further discussions and aim to benefit both parties towards sustainable growth.”

Honda CEO Toshihiro Mibe said he wants to see if the joint venture will allow both manufacturers to bring “new value” and lead the industry.

“At this once-in-a-century period of transformation in the automobile industry, we will consider the possibility of a partnership between Nissan and Honda,” he said. “The criteria for consideration will be whether the synergies between the technologies and knowledge that both companies have cultivated over the years will create new value for the automobile industry and enable them to become industry leaders.”

Automakers around the world are shifting their focus to producing electric vehicles as concerns about climate change and emissions grow.