Mitsubishi Motors Corp. has officially joined an electric vehicle partnership with Nissan Motor Co. and Honda Motor Co., following the signing of a new memorandum of understanding by the three Japanese automotive giants on Thursday.
This memorandum paves the way for the trio to collaboratively explore a framework aimed at advancing the intelligence and electrification of automobiles. This effort builds on a prior agreement between Nissan and Honda established in March.
The companies anticipate that this partnership will expedite their electric vehicle initiatives and enhance business efficiencies.
Makoto Uchida, President and CEO of Nissan, expressed enthusiasm about Mitsubishi Motors joining the strategic alliance with Honda and Nissan. He highlighted Mitsubishi Motors’ unique technologies and expertise, noting its history of collaboration with Nissan. Uchida expects that the combined efforts of the three companies will lead to increased value creation and the delivery of innovative products and services tailored to diverse customer needs.
Nissan and Honda are focused on accelerating the development of carbon-neutral technologies and the pursuit of a zero-traffic-accident society through automation.
Takao Kato, President and CEO of Mitsubishi, stated that discussions between Nissan and Honda about the potential partnership had advanced, leading to Mitsubishi’s decision to participate. He emphasized that collaboration is crucial in the rapidly evolving automotive industry, driven by technological advancements such as electrification and intelligence. Kato believes that the partnership will uncover new opportunities across various fields through the joint efforts of the three companies.
