Nissan and Honda announced plans to collaborate on electric vehicle components and autonomous driving software. Mitsubishi Motors has joined this alliance, emphasizing the importance of agility and scale in adapting to the rapidly evolving automotive industry. After 100 days of negotiations, executives highlighted the urgency of this partnership. Japanese carmakers, once dominant in gasoline engines, have recently lagged behind new leaders in the green vehicle market like Tesla and BYD. Honda CEO Toshihiro Mibe stressed, "Companies that don't adapt to the changes cannot survive."
The partnership involves sharing batteries and standardizing motor and inverter specifications, aiming to cut costs through increased volume. Despite this collaboration, both Nissan and Honda will maintain distinct model offerings. The strategy, termed "making friends" by Mibe and Nissan CEO Makoto Uchida, will focus on shared resources for components and software, while also exploring complementary model lineups in global markets.
Energy services in Japan will be another area for cooperation between Honda, Nissan, and now Mitsubishi. While the prospect of mutual capital ownership remains uncertain, the companies are clear on their intent to speed up innovation. Uchida remarked, "In coming together, we will show that one plus one will add up to become more than two." (This story was generated by Newser's AI chatbot. Source: the AP)
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