Nissan and Honda have signed a memorandum of understanding, under which the two automakers will begin a feasibility study of a strategic partnership focused on the fields of vehicle electrification and intelligence. The agreement was confirmed to be non-binding, and does not involve any capital.

Recognizing the need to accelerate carbon neutrality efforts, as well as the achievement of zero traffic-accident fatalities, the collaboration between Nissan and Honda understands how strengthening environmental and electrification technologies will contribute to reaching these milestones. Here, the OEMs will combine their strengths and explore the possibility of future collaboration across a variety of topics – including automotive software platforms, core components related to EVs, and complementary products.

Outlining the foundation of their partnership, Makoto Uchida, Nissan’s President and CEO said: “It is important to prepare for the increasing pace of transformation in mobility in the mid-to-long-term, 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.”

Further insight was provided by Toshihiro Mibe, Honda Director, President and Representative Executive Officer, who 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.”

While Mibe also said that the scope of the collaboration has not yet been determined, Uchida highlighted that they are open to working together in any region, both in Japan and overseas.