Honda, Nissan to sign MoU on comprehensive EV cooperation, NHK reports By Reuters

© Reuters. FILE PHOTO: A Honda emblem is seen through the New York Worldwide Auto Present, in Manhattan, New York Metropolis, U.S., April 5, 2023. REUTERS/David ‘Dee’ Delgado/File Picture

TOKYO (Reuters) – Japanese automotive makers Honda (NYSE:) and Nissan (OTC:) have determined to signal a memorandum of understanding on a complete cooperation of their electrical car companies, public broadcaster NHK reported on Friday.

A Nissan spokesperson stated the corporate had no speedy touch upon the report. A Honda spokesperson additionally declined to remark.

The 2 automakers’ potential tie-up to higher compete with Chinese language rivals has been reported by Japanese media earlier this week. The collaboration may probably prolong to battery procurement and joint improvement of electrical automobiles, the newspaper has stated.

Citing a number of Nissan sources, the Nikkei has reported particular steps may embody the introduction of a typical powertrain, joint procurement and improvement of a typical platform.