Thursday, April 25, 2024
NewsHonda and Nissan Looking to Partner on EV, Safety Tech

Honda and Nissan Looking to Partner on EV, Safety Tech

Potential new automaker tie-up

  • Japan’s second and third-largest automakers look to share

  • Both have existing partnerships and alliances with other automakers


Honda and Nissan are officially going to look into working together on EV and tech. Yes, that’s pretty vague, but it could be a big deal for two automakers that have extensive and existing partnerships in these areas already, and not with each other.

“The two companies have signed a memorandum of understanding under which they will begin a feasibility study of a strategic partnership in the fields of vehicle electrification and intelligence.” That’s what the press release says, which suggests that a partnership could take quite some time to form.

Included in the feasibility study will be “core components related to EVs” which is understood to mean electric motors and batteries as well as associated components. They are also looking into partnering on software for vehicles, including safety systems.

Nissan CEO Makoto Uchida said, “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.”

Currently, Nissan is part of an alliance with Renault and Mitsubishi that includes platform and technology sharing. Honda has extensive ties to General Motors, which is building the Prologue electric SUV for the brand. It’s not clear what the impact could be on those existing agreements.

 

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