Nissan (NSANY) and Honda (HMC) have agreed to begin talks on a potential strategic partnership to collaborate on electric vehicles and automotive software, Nikkei Asia’s Ryohtaroh Satoh reports. “We’ve decided that the two companies need to bring together our strengths and start considering potential collaborations,” Toshihiro Mibe, president and CEO of Honda, said at a joint press conference. The two companies will consider “broad” cooperation in areas such as software for automobiles, batteries for EVs and “mutually complementary products,” the executive said.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on NSANY:
- EV tide shift makes Wells say sell Tesla, Morgan Stanley more bullish on autos
- Tesla, Ford given ‘poor’ grades in IIHS study of driver-assist systems, WSJ says
- Fisker in advanced talks on investment, partnership with Nissan, Reuters says
- EU new car registrations up 12.1% in January
- NSANY Upcoming Earnings Report: What to Expect?
