Honda, Nissan to Tighten Ties on Software, Batteries, EV Knowhow
- Mitsubishi Motors joining strategic partnership with companies
- Japanese carmakers facing stiff competition in China
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Honda Motor Co. and Nissan Motor Co. agreed to collaborate on software, batteries and other electric vehicle-related technologies to save on costs and better compete in markets such as China, where sales are slumping.
Mitsubishi Motors Corp., which already has ties with Nissan, will join a broader strategic partnership with the duo. Asked whether there were any talks of a capital alliance between Honda and Nissan, Honda President Toshihiro Mibe said: “We have not discussed a capital alliance as yet, but don’t deny the possibility.”