Nissan Motor Co., Ltd., Mitsubishi Motors Corporation (MMC), and their joint venture NMKV Co., Ltd. have reached an agreement to continue their joint project regarding development of the next generation of current minicar models. The three companies will soon sign a memorandum of understanding. In addition, planning and development of a minicar EV is in progress through the collaboration. The announcement of vehicle details and launch timing of the EV and other next-generation minicars will be made at a later time.
The companies aim to develop more competitive products by optimizing resource allocation and their respective roles and responsibilities. Nissan will be more deeply involved in development operations, such as design development and testing. In addition to its product planning and project development roles, NMKV will strengthen its management capabilities by adding a new department to enhance collaboration with engineering and manufacturing functions. Vehicle production is planned to continue at Mitsubishi’s Mizushima Plant.
Nissan and Mitsubishi established NMKV in June 2011 to specialize in planning and development of minicars. Their jointly-developed minicars, the Nissan Dayz and the Mitsubishi eK Wagon, were launched in June 2013, followed by the launch of the Nissan Dayz Roox and the Mitsubishi eK Space in February 2014. By the end of September 2015, total sales of vehicles produced under the joint project reached 500,000 units. This new agreement takes the partnership to a higher level.