(3 Minutes Read)
The strategic partnership entered into by the two automobile giants will hasten the production of electric vehicles. Both companies will collaborate in pursuing an intensive feasibility study on automotive software platforms and core components for efficient EV manufacture.
Nissan and Honda, two Japanese auto giants, have signed a Memorandum of Understanding (MOU) to upscale the manufacturing of electric vehicles (EVs). The agreement aims at sharing resources and technological insights between the two countries to popularize electrical vehicles increasingly. There is a surging demand worldwide for electric vehicles. That demand is also noticed in African countries; but has to pick up as much in other continents.
The strategic partnership entered into by the two automobile giants will hasten the production of electric vehicles. Both companies will collaborate in pursuing an intensive feasibility study on automotive software platforms and core components for efficient EV manufacture.
Sharing technologies would not hinder them from manufacturing different products. Despite being competitors in the global automotive industry, the two companies are committed to outstripping China and the US’s dominance in electric mobility. Currently, over 50% of electric vehicles are manufactured in China.
Read Also:
While China has a substantial lead in the manufacture of EVs, Japanese auto giants are more focused on hybrid vehicles, which can run on fuel and electricity. Toyota creates hybrid vehicles that allow customers to choose between the fuel engine and the electric motor. Nissan has been more aggressive in its e-mobility plans compared to other players in the Japanese market. It has invested USD 600 million in Renault’s electric vehicle unit despite their troubled alliance.
