In a landmark move for the automotive industry, Nissan Motor Co., Ltd., Honda Motor Co., Ltd., and Mitsubishi Motors Corporation have signed a memorandum of understanding to explore a framework for advancing automobile intelligence and electrification. This collaboration builds on the agreement previously signed by Nissan and Honda, marking a significant step towards achieving carbon neutrality and a zero-traffic-accident society.
The three companies are poised to integrate their technologies and expertise to accelerate environmental and electrification initiatives. This joint effort aims to create new value and enhance business efficiencies by leveraging the unique strengths and knowledge of each company.
Strengthening Synergies
Nissan and Honda have been in discussions to explore broad areas of collaboration, including environmental and electrification technologies and software development. The inclusion of Mitsubishi Motors in these discussions is expected to bring additional strengths and synergies, opening new business opportunities and creating greater value for customers.
Makoto Uchida, Representative Executive Officer, President, and CEO of Nissan, expressed enthusiasm about the expanded partnership. “We are very pleased to welcome a new member to the strategic partnership between Honda and Nissan. Mitsubishi Motors has unique technologies and expertise and has been collaborating with Nissan as a partner. Through collaboration among the three companies, we expect the partnership to evolve into something that creates greater value, and to deliver unique products and services from each company that meet the diverse needs of customers.”
Transforming the Industry
The automotive industry is undergoing a once-in-a-century transformation, driven by technological innovations in electrification and intelligence. Toshihiro Mibe, President and Representative Executive Officer of Honda, highlighted the importance of the alliance in addressing these changes. “The automobile industry is in a period of transformation said to occur once in a century. We expect that the combination of technologies and knowledge cultivated by Nissan and Honda, as well as the strength and experience of Mitsubishi Motors, will enable us to more quickly resolve various issues related to electrification and intelligence on a global scale, and help lead societal reforms as a top runner.”
Discovering New Possibilities
Takao Kato, Representative Executive Officer, President, and CEO of Mitsubishi Motors, emphasized the potential of this collaboration to uncover new opportunities. “Nissan and Honda’s discussions on a possible partnership have progressed, and we have decided to participate in this framework. Collaboration with partners is essential in today’s automotive industry, which is undergoing rapid changes due to technological innovations such as electrification and intelligence. We believe that we can discover new possibilities in a variety of fields through collaboration among the three companies.”
The memorandum of understanding signifies a commitment to jointly addressing the challenges and opportunities of the rapidly evolving automotive landscape. Through this strategic alliance, Nissan, Honda, and Mitsubishi aim to lead the industry towards a sustainable, intelligent, and electrified future.
