Hyperdrive
Honda, Nissan Team Up on EVs to Take On China Juggernaut
- Collaboration is for core battery EV technology, software
- The Japanese carmakers are looking to cut output in China
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Honda Motor Co. and Nissan Motor Co. are teaming up to develop electric car technology, seeking to keep up with their Chinese counterparts in the rapid shift toward clean energy.
The carmakers will collaborate on core technology for battery-based electric vehicles, including software, they said in a statement Friday, adding that a memorandum of understanding for the strategic partnership has been signed.