In a recent announcement in Tokyo, leading automakers Honda (HMC) and Nissan (NSANF) have revealed their plans to collaborate, marking a significant move towards embracing the electric vehicle (EV) revolution.
Honda’s President, Toshihiro Mibe, disclosed that the two brands are embarking on a feasibility study to explore how they can join forces in manufacturing EVs, producing crucial EV components, and developing EV-related software.
While the specifics of their collaboration are still being ironed out, Nissan’s CEO, Makoto Uchida, stressed that their partnership extends beyond Japan and could have global implications.
Uchida underscored the urgency of cooperation, highlighting the fierce competition from Chinese automakers and other EV rivals that threaten to erode the market share of both Honda and Nissan.
Despite Nissan’s experience in EV production with models like the Leaf hatchback and Ariya SUV, the partnership with Honda adds a layer of complexity due to their existing alliances. Nissan has been in a partnership with French automaker Renault since 1999, and is currently working on an EV based on Renault 5’s platform.
However, Uchida assured that the collaboration with Honda would not complicate their relationship with Renault. On the other hand, Honda has its own partnerships, including one with GM for EV technology and a separate deal with Sony’s Afeela for an EV lineup.
Uchida mentioned that both Nissan and Honda are open to involving their existing partners in the collaboration if it proves beneficial. Mibe added that the focus is also on achieving economies of scale and reducing costs.
With a sense of urgency, Mibe stressed the need to expedite their EV strategy. Currently, only 0.5% of Honda’s global sales are EVs, but the company aims to significantly increase its EV and fuel cell vehicle sales by 2040.
“We are running out of time and need to act swiftly,” Mibe stated. “To be well-positioned by 2030, we need to make decisions promptly.”
