Nissan, Honda, And Mitsubishi Are Now All Partners!

SAUDI ARABIA : The 3 giant brands have partnered up to make more electric vehicles in the future. 

• This partnership has been formed to take on companies like BYD and Tesla
• Honda and Nissan had previously given a hint about this in March 
• Electric motors and inverters will be shared by Nissan and Honda 

Nissan Motor, Honda Motor, and Mitsubishi Motors Corporation have signed an agreement in order to build electric vehicles for the future.

What's the partnership for?

This partnership builds upon an agreement signed by Nissan and Honda on March 15, focused on accelerating initiatives to achieve carbon neutrality and eliminate traffic accidents—the discussions center around potential collaborations in multiple fields. 

Collaborative objectives

The companies emphasize that accelerating this process requires creating new value through the integration of each company's unique technologies and expertise. By combining their strengths, they aim to enhance business efficiencies and foster innovation.

Mitsubishi Motors' involvement in these collaborative discussions will contribute additional knowledge and strengths, generating synergies exclusive to this trio and opening up new business opportunities.

Verdict 

This collaboration exemplifies how major global automakers are joining forces to share resources, reduce costs, and find more efficient methods to introduce new electric vehicles to the market. Mitsubishi's inclusion is expected to contribute additional knowledge and strengths, creating unique synergies that can only be realized through the combined efforts of these three companies, as stated by Nissan and Honda.

Such joint ventures are not new for these automakers. Honda previously collaborated with General Motors to develop EVs, although the partnership was eventually dissolved. The recently launched Honda Prologue, built on GM’s Ultium platform, emerged from this cooperation. Later, Honda and Nissan allied with similar objectives.