© Reuters. FILE PHOTO: A Honda logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/David ‘Dee’ Delgado/File Photo
TOKYO (Reuters) – Japanese car makers Honda (NYSE:) and Nissan (OTC:) have decided to sign a memorandum of understanding on a comprehensive cooperation in their electric vehicle businesses, public broadcaster NHK reported on Friday.
A Nissan spokesperson said the company had no immediate comment on the report. A Honda spokesperson also declined to comment.
The two automakers’ possible tie-up to better compete with Chinese rivals has been reported by Japanese media earlier this week. The collaboration could potentially extend to battery procurement and joint development of electric cars, the newspaper has said.
Citing multiple Nissan sources, the Nikkei has reported specific steps could include the introduction of a common powertrain, joint procurement and development of a common platform.
