Long-time rivals Nissan and Honda are launching a feasibility study to determine whether to launch a partnership to develop EV parts and software.
are setting aside their differences to explore a potential collaboration. The two Japanese firms signed a memorandum of understanding in March 2024 to begin a feasibility study that will help them decide whether or not to launch joint projects.
Keep in mind that nothing is set in stone at this stage; Honda and Nissan are still at the"What if?" stage of a potential partnership. If they reach an agreement, they'll join forces in the fields of electrification and intelligence, according to a joint statement issued by the two brands. The areas covered by the tie-up will include"automotive software platforms, core components related to EVs, and complementary products.
"Our study criteria will be whether the synergy of the technologies and knowledge our companies have cultivated will enable us to become industry leaders by creating new value for the automotive industry," said Toshihiro Mibe, Honda's director, president, and representative executive officer. Makoto Uchida, the CEO of Nissan, echoed these comments."We look forward to further discussions," he added.
It's too early to tell when the two carmakers will decide whether to work together, or when a potential partnership would start.launched for 2023. Honda has less experience in EVs, the first high-volume electric car it developed for the American market is Another point that remains up in the air is how a Honda-Nissan partnership would affect the partnerships that each company is already in. Hondathe two automakers decided not to continue developing additional modelsto reduce its stake in Nissan after several rounds of intense negotiations. The aim is to achieve parity in cross-shareholding to ensure neither side has the upper hand and to give Nissan more independence.
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