Nissan Motor Co., Ltd., Honda Motor Co., Ltd. and Mitsubishi Motors Corporation have signed a memorandum of understanding to discuss a framework for further intelligence and electrification of automobiles based on the agreement signed by Nissan and Honda on 15 March. (Earlier post.).

Nissan and Honda are working to accelerate initiatives aimed at achieving carbon neutrality and a zero-traffic-accident society. In anticipation of collaboration in areas such as environmental technologies, electrification technologies, and software development, discussions are being conducted on a broad scope.

To accelerate this process, it is essential to create new value by integrating the technologies and knowledge cultivated by each company, and to improve business efficiencies, the partners said. The participation of Mitsubishi Motors in the areas of potential collaboration considered and discussed by Nissan and Honda will not only add new knowledge and strengths but will also provide further synergies that can only be generated by the three companies, as well as new business opportunities.