NISSAN CONSIDERING PARTNERSHIP WITH HONDA ON EVS

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NISSAN CONSIDERING PARTNERSHIP WITH HONDA ON EVS – Potential partnership could help Nissan gain economies of scale in producing EVs

Nissan Motor and Honda Motor are considering a strategic partnership to collaborate on producing key components for electric vehicles (EVs) and artificial intelligence in automotive software platforms.

The potential partnership could help the two rivals develop economies of scale in producing EVs, which is crucial for Japanese automakers as they face heavy competition from China’s BYD, Tesla and other electric vehicle makers.

Nissan has existing business alliances with Renault and Mitsubishi Motors, but these will not be affected by a potential alliance with Honda, Nissan CEO Makoto Uchida said.

Honda president Toshihiro Mibe said the “decisions we make now will be crucial”, adding the two companies had signed a non-binding memorandum of understanding to look at areas of potential collaboration but are yet to determine the scope.

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