Woah, Honda and Nissan will work together to build new EVs

Honda and Nissan have signed a memorandum of understanding that will see the two rival companies work together to build new EVs. In football terms, this would be like Barcelona and Real Madrid teaming up to sign new players.

We’re told the MoU is non-binding, but that it will allow the pair to “begin a feasibility study of a strategic partnership in the fields of vehicle electrification and intelligence”. The study will look at whether it’d work for Nissan and Honda to share its automotive software and EV hardware such as motors and batteries. And yes, it’s probably happening now because of the pace of electric car development in China.

“It is important to prepare for the increasing pace of transformation in mobility in the mid-to-long-term,” said Makoto Uchida, president and CEO of Nissan. “And it is significant that we have reached this agreement based on a mutual understanding that Honda and Nissan face common challenges. We look forward to further discussions and aim to find win-wins for sustainable growth.”

Toshihiro Mibe, Honda’s director, president and representative executive officer, said: “In this period of once-in-a-century transformation in the automotive industry, we will examine the potential for partnership between Nissan and Honda. Our study criteria will be whether the synergy of the technologies and knowledge that our companies have cultivated will enable us to become industry leaders by creating new value for the automotive industry.”

What next folks, a BMW, Audi and Mercedes supergroup?