The Japanese automakers are considering collaborating on EV components, including electric drive systems, and the development of software as well as complementing their respective product line-ups, they said.
The move comes as competition in the global EV market has intensified worldwide. With the change of tide progressing at a fast clip, automakers worldwide are faced with ever-increasing costs for developing vehicles equipped with expensive batteries and sophisticated features such as autonomous driving.
"Working on electrification and intelligence is an extremely tough task to do alone," Nissan President
Honda President Toshihiro Mibe said at the conference, "We can no longer fight in the existing framework in the face of the rapid change in the industry," adding that economies of scale are extremely important to be competitive in the area of EVs.
Nissan, considered one of the pioneers in the EV market with the launch of the Leaf compact car in 2010, has been widely seen as failing to maintain a strong presence in the segment due to the meteoric rise of newer players such as
The potential partnership with Honda could mean a shift in Nissan's current EV strategy, which is focused on its alliance with
The tie-up talks follow
Nissan's Uchida said its partnership with
Honda, which had traditionally preferred to develop cars in-house, has been ramping up EV collaboration with other companies, such as
"Moves by newer players are extremely powerful and agile. If we cannot respond to the change, we will be wiped out," Honda's Mibe said. "We have changed our mindset."
Nissan and Honda are not considering a capital tie-up at the moment, their presidents said.
The potential collaboration will likely help them meet their electrification goals set for the coming years.
Nissan plans to increase the number of electrified models to 27 by fiscal 2030 while also aiming to put into practical use all-solid state batteries, a next-generation technology expected to significantly boost the range of EVs, by fiscal 2028
Honda has said it will make all its new models either EVs or fuel-cell vehicles by 2040 in a major shift away from gasoline-powered cars, its traditional revenue source.
==Kyodo
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