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EV Bedfellows – Nissan and Mitsubishi Sign MoU
Nissan Motor (7201T. NSANY ADR) and Mitsubishi Corporation (8058.T) have signed a memorandum of understanding 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. 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. Continue reading →