Trends
Nissan and Honda unite for next-gen software platform
Nissan and Honda have announced a joint venture to research the next-gen software platform, as stated in their joint declaration on Thursday. The two companies have also signed a memorandum to enhance their strategic alliance, first announced in March, with a commitment to collaborate on areas such …
Headline
Nissan and Honda have announced a joint venture to research the next-gen software platform, as stated in their joint declaration on Thursday. The two companies have also signed a memorandum to enhance their strategic alliance, first announced in March, with a commitment to…
Context
OUR TAKE Recently, Nissan Motor and Honda Motor announced that they will jointly research and develop a next-generation software platform and signed a memorandum of understanding to strengthen their strategic partnership in order to jointly address the challenges and opportunities in the field of electric vehicles. In addition, their collaboration with Mitsubishi Motors shows that synergies are being strengthened within the Japanese automotive industry in order to accelerate electrification and jointly explore new directions in future vehicle technology. This collaboration is not only expected to enhance their capabilities in data processing and software engineering, but may also gain them a new competitive advantage in the global electric vehicle market. –Elodie Qian, BTW reporter Japanese automakers Nissan and Honda have announced a joint venture to research the next-generation software platform, as stated in their joint declaration on Thursday.
Evidence
Pending intelligence enrichment.
Analysis
The two companies have also signed a memorandum to enhance their strategic alliance, first announced in March, with a commitment to collaborate on areas such as batteries, e-axles, and vehicle complementarity. In addition, Nissan and Honda, along with Mitsubishi Motors , which has a 34% stake owned by Nissan, have signed another memorandum. This is to discuss a framework for collaboration on vehicle electrification, based on the agreement made in March. Nissan and Honda are targeting basic research into the next-generation software platform within approximately a year. This initiative comes as both companies, the third and second largest automakers in Japan after Toyota, are looking to increase their electric vehicle sales significantly. They have also been facing a loss in market share in China, a key market where they have made substantial investments.
Key Points
- Nissan and Honda have announced a joint venture to research the next-gen software platform, as stated in their joint declaration on Thursday.
- The two companies have also signed a memorandum to enhance their strategic alliance, first announced in March, with a commitment to collaborate on areas such as batteries, e-axles, and vehicle complementarity.
Actions
Pending intelligence enrichment.
