Nissan and Honda announced on Friday, March 15, that they would collaborate on developing electric vehicles and auto intelligence technology to pool resources in a sector where Japanese automakers have been struggling.
The Associated Press reported that the CEOs of Nissan and Honda-Makoto Uchida and Toshihiro Mibe, respectively, together at a news conference in Tokyo to reveal that Japan's second and third biggest carmakers would look into possibilities, scope, and areas that show potential for collaboration in electrification and the use of intelligence cars.
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(Photo: PHILIP FONG/AFP via Getty Images)
Uchida and Mibe added that the agreement was non-binding, with discussions between their firms would now begin.
The world's automakers have been moving toward what promised to be a growth business centered on electric vehicles, focusing on batteries and motors instead of gas engines, as concerns grow about emissions and climate change.
The Japanese have fallen behind some of the world's powerful rivals, like Tesla, partly because they have historically been successful with combustion engine products.
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