Honda and Nissan collaboration on ev

A partnership between Honda and Nissan was announced this morning.

There has been a memorandum of understanding signed by the two companies to conduct a feasibility study for a strategic-

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partnership focused on "vehicle electrification and intelligence," both of which will integrate automotive software platforms.

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A Honda and Nissan spokesperson said the agreement was reached due to the "necessity of combining strength."

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The two automakers are proposing to share and jointly manufacture electric motors, battery -

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technologies, as well as other essential EV components, according to Automotive News.

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According to reports, both companies are concerned by the rise of Tesla and the entry of Chinese firms, such as BYD,

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into the electric vehicle market. The Nissan Leaf and the Ariya crossover are -

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the two electric vehicles that Nissan currently sells in the United States.

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Our goal is to become a top runner in 2030, ready to compete with the strongest players in the world," Mibe told AN.

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The plan is to improve the scale and cost of EV component production in the -

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first instance rather than directly sharing vehicle architectures or rebadging models.

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Nissan CEO Makoto Uchida told AN, We can no longer afford to be complacent. According to other top-level -

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employees, We must increase investment and scale if we are to accelerate electrification.

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