Overview

• 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.