Nissan and Honda signs partnership for EVs and Smart vehicles

Nissan Motors and Honda Motors, two of the Japanese automotive giants, announced today the signing of a memorandum of understanding (MoU) to conduct joint research and development for electric vehicles (EVs) and smart vehicle technologies.

Both of these companies are exploring new opportunities in the world of new car technologies. Hence this cooperation could become crucial for their future vehicles.

The agreement signed between the sides includes research on automotive software platforms, core components related to EVs, and related products. There are no further details revealed about the joint products at the moment.

(Image Credit: Nissan)

“It is significant that we have reached this agreement based on a mutual understanding that Honda and Nissan face common challenges,” said Makoto Uchida, President and CEO of Nissan.

“We will examine the potential for partnership between Nissan and Honda. Our study criteria will be whether the synergy of th technologies and knowledge that our companies have cultivated will enable us to become industry leaders by creating new value for the automotive industry” said Toshihiro Mibe, Honda director, president and representative executive officer.

(source – Nissan)