automotive

Honda Partners With Nissan And Mitsubishi To Develop Electric Vehicles

Honda Motor Co., Ltd. (Honda) announced a strategic partnership with Nissan Motor Co., Ltd. (Nissan) and Mitsubishi Motors Corporation (Mitsubishi Motors) on August 2, 2024 in Tokyo, Japan. The three companies signed a memorandum of understanding to jointly discuss further frameworks for electric vehicle technology based on the agreement signed by Honda and Nissan on March 15, 2024.

Honda and Nissan are working to accelerate initiatives aimed at achieving carbon neutrality and a society without traffic accidents. To anticipate this, collaborations in various fields such as environmental technology, electrification technology, software development, and various discussions are being conducted on a broader scale.

To expedite this process, creating new value by integrating technology and knowledge developed by each company to enhance business efficiency. Mitsubishi Motors' participation in the field, as well as the potential collaborations considered and discussed by Honda and Nissan, will not only add new knowledge and strength but also provide synergy and further new business opportunities by the three companies.

Toshihiro Mibe, President and Representative Executive Officer of Honda, said, "The automotive industry is in a transformation period that is said to only occur once in a century. We hope that the combination of technology and knowledge developed by Honda and Nissan, as well as the strength and experience of Mitsubishi Motors, will allow us to move faster in solving various issues related to electrification and intelligence on a global scale, and help lead the societal reform as the forefront."

Makoto Uchida, President and CEO of Nissan, said, "We are very pleased to welcome a new member in the strategic partnership between Honda and Nissan."

Mitsubishi Motors has unique technology and expertise and has collaborated with Nissan as a partner. Through the collaboration of the three companies, we hope this partnership will grow into something that creates greater value, and to deliver unique products and services from each company that meet diverse customer needs sustainably. Takao Kato, Representative Executive Officer, President and CEO of Mitsubishi Motors, said, "Discussions between Honda and Nissan regarding this partnership have progressed, and we have decided to participate in this framework. Collaboration with partners is very important in the automotive industry today, which is undergoing rapid changes due to technological innovations such as electrification and intelligence. We believe that we can discover new possibilities in various fields through collaboration between the three companies."

Tag: Electric Vehicles Honda Japan Mitsubishi Motors Tokyo