Nissan and Honda have signed a memorandum of understanding on exploring the possibilities of building electric vehicles together.
The scope of the agreement - which at this stage is not binding - includes "automotive software platforms, core components related to EVs, and complementary products".
The two Japanese automotive giants could also collaborate on autonomous driving, as the official press release from the announcement mentions "zero traffic-accident fatalities".
Nissan president and 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.”
Toshihiro Mibe, Honda president and chief executive added: “In this period of once-in-a-century transformation in the automotive industry, we will examine the potential for partnership between Nissan and Honda.
"Our study criteria will be whether the synergy of the technologies and knowledge that our companies have cultivated will enable us to become industry leaders by creating new value for the automotive industry.”
