Click to enlarge.
Nissan Motor (7201T. NSANY ADR) and Mitsubishi Corporation (8058.T) have signed a memorandum of understanding (MoU) to pursue a new joint initiative in next-generation-mobility and energy-related services using electric vehicles in Japan. The companies said today that Japan as a country has been addressing issues such as driver shortages due to a declining population, and difficulties maintaining public transportation services due to decreasing numbers of users. Nissan and MC have also been undertaking various initiatives to solve these problems.
Joint initiatives of course have potential economies of scale, reducing the intense capital costs required to develop EVs and autonomous vehicles. They are applicable globally. This is making for what would have previously been unlikely hookups or strange bedfellows. Nissan and Honda, two of Japan’s Big Three automakers, previously announced that will study sharing automotive software platforms, core components related to EVs, and complementary products. (read Ken Zino of AutoInformed.com on Honda and Nissan Sign MoU for EV Technology Sharing, Renault and Nissan, Mitsubishi Alliance to Restructure; Chinese Auto Market is Flying High – Exports a Threat)
“They have signed a memorandum of understanding to co-create sustainable business models. Leveraging their respective expertise and knowledge, both companies aim to jointly commercialize next-generation mobility services and energy-related services utilizing EVs,” Nissan and Mitsubishi said in a joint release.
Nissan’s initiatives include mobility services in Namie Town, Fukushima Prefecture, and autonomous driving tests in the Yokohama Minato Mirai District to achieve free movement for more people. Additionally, Nissan is developing energy management systems by utilizing EV battery storage and charging/discharging functions in combination with renewable energy.
Mitsubishi Corporation, in collaboration with partners and local governments, has been addressing social and industrial challenges through initiatives focusing on (1) using regional energy resources including renewable energy, (2) achieving carbon neutrality, and (3) creating attractive communities by solving local issues. In the mobility sector, MC has been expanding measures to improve transportation challenges through the implementation of AI on-demand transportation for local governments and private companies, including Shiojiri City in Nagano Prefecture, and conducting autonomous driving demonstrations using digital solutions.
“Through exciting vehicles and technologies, Nissan is building a smart ecosystem that expands both the possibilities of mobility for people and the potential of society. We want to help solve regional issues and create future-centered cities through new mobility services and energy management. MC shares our motivation, and together we will study a robust and sustainable business model,” said Makoto Uchida, Nissan president and CEO.
“As the mobility sector undergoes significant transformation due to technological innovation and decarbonization, MC, through its EX-DX integrated approach outlined in its mid-term management strategy, MC Shared Value 2024, aims to work with Nissan to explore the creation of sustainable business models that address Japan’s societal challenges,” said Katsuya Nakanishi, Mitsubishi Corporation president and CEO.
EV Bedfellows – Nissan and Mitsubishi Sign MoU
Click to enlarge.
Nissan Motor (7201T. NSANY ADR) and Mitsubishi Corporation (8058.T) have signed a memorandum of understanding (MoU) to pursue a new joint initiative in next-generation-mobility and energy-related services using electric vehicles in Japan. The companies said today that Japan as a country has been addressing issues such as driver shortages due to a declining population, and difficulties maintaining public transportation services due to decreasing numbers of users. Nissan and MC have also been undertaking various initiatives to solve these problems.
Joint initiatives of course have potential economies of scale, reducing the intense capital costs required to develop EVs and autonomous vehicles. They are applicable globally. This is making for what would have previously been unlikely hookups or strange bedfellows. Nissan and Honda, two of Japan’s Big Three automakers, previously announced that will study sharing automotive software platforms, core components related to EVs, and complementary products. (read Ken Zino of AutoInformed.com on Honda and Nissan Sign MoU for EV Technology Sharing, Renault and Nissan, Mitsubishi Alliance to Restructure; Chinese Auto Market is Flying High – Exports a Threat)
“They have signed a memorandum of understanding to co-create sustainable business models. Leveraging their respective expertise and knowledge, both companies aim to jointly commercialize next-generation mobility services and energy-related services utilizing EVs,” Nissan and Mitsubishi said in a joint release.
Nissan’s initiatives include mobility services in Namie Town, Fukushima Prefecture, and autonomous driving tests in the Yokohama Minato Mirai District to achieve free movement for more people. Additionally, Nissan is developing energy management systems by utilizing EV battery storage and charging/discharging functions in combination with renewable energy.
Mitsubishi Corporation, in collaboration with partners and local governments, has been addressing social and industrial challenges through initiatives focusing on (1) using regional energy resources including renewable energy, (2) achieving carbon neutrality, and (3) creating attractive communities by solving local issues. In the mobility sector, MC has been expanding measures to improve transportation challenges through the implementation of AI on-demand transportation for local governments and private companies, including Shiojiri City in Nagano Prefecture, and conducting autonomous driving demonstrations using digital solutions.
“Through exciting vehicles and technologies, Nissan is building a smart ecosystem that expands both the possibilities of mobility for people and the potential of society. We want to help solve regional issues and create future-centered cities through new mobility services and energy management. MC shares our motivation, and together we will study a robust and sustainable business model,” said Makoto Uchida, Nissan president and CEO.
“As the mobility sector undergoes significant transformation due to technological innovation and decarbonization, MC, through its EX-DX integrated approach outlined in its mid-term management strategy, MC Shared Value 2024, aims to work with Nissan to explore the creation of sustainable business models that address Japan’s societal challenges,” said Katsuya Nakanishi, Mitsubishi Corporation president and CEO.