Strategic Aliance - Mitsubishi - Nissan - Honda Mitsubishi Motors Corp. will join a strategic partnership formed between Nissan Motor Co. and Honda Motor Co. to develop electric vehicles in a bid to catch up with powerful overseas rivals, the Japanese automakers said Thursday.
The tie-up will discuss a framework for further integration of intelligent technology and electrification of automobiles based on an agreement signed between Nissan and Honda in March, the three automakers said in a joint press release.
The move comes amid intensified competition in the global EV market, with automakers facing ever-increasing costs to develop vehicles equipped with expensive batteries and sophisticated features such as autonomous driving capabilities.
"This partnership was triggered by our common perception that global auto industry conventions are dynamically changing due to technological innovations such as intelligent vehicles and electrification," Honda President Toshihiro Mibe said at a joint press conference in Tokyo.
source : https://english.kyodonews.net/news/2024/08/69d1712d4fa4-update1-mitsubishi-motors-to-join-nissan-honda-alliance-for-ev-development.html?phrase=oarfish&words=