Japanese automakers Nissan Motor, Honda Motor and Mitsubishi Motors have signed a memorandum of understanding to jointly discuss a framework to develop vehicle electrification.

Nissan and Honda are in discussions to develop environmental and electrification technologies as well as software to accelerate autonomous driving and EV adoption. Mitsubishi’s participation aims to provide further synergies.

“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,” said Takao Kato, Representative Executive Officer, President and CEO, Mitsubishi Motors.

Source: Honda Motor