Honda and Nissan to Expand EV Partnership with Mitsubishi Motors

Jul 29, 2024 | News On Japan

TOKYO - Honda and Nissan are advancing their electric vehicle (EV) partnership, with Mitsubishi Motors expected to join the collaboration. This development emerged as Honda and Nissan explore joint procurement of parts and development of operating systems (OS) for their vehicles, with plans to announce specific cooperation details this summer.

According to insiders, Mitsubishi Motors is in discussions to join this partnership. Mitsubishi, which has received a 34% investment from Nissan, has been notable for its work on mini EVs, drawing attention to its potential involvement.

The competition in the EV market is intensifying, with companies like Tesla in the United States and BYD in China leading the charge and driving aggressive price wars. By expanding their collaboration, the three companies aim to reduce costs and boost their competitiveness.

Source: TBS

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