Honda and Nissan Forge EV Technology Partnership

The collaboration aims to bolster competitiveness against Chinese EV brands, focusing on core battery technology and software.

Honda and Nissan have announced a partnership to develop electric vehicle (EV) technology and intelligent technology, aiming to compete with Chinese brands.
The collaboration will focus on core technology for battery-based EVs, including software, but their products will remain distinct.
Japanese automakers, including Honda and Nissan, have faced challenges in the EV market, falling behind competitors like Tesla and BYD.
The partnership was announced after a sharp increase in the stock prices of both companies, indicating high market expectations.
No mutual capital ownership is involved in the agreement for now, but the possibility may be explored in the future.