Mitsubishi Motors joining Honda-Nissan alliance to standardize in-vehicle software

From Yahoo Finance: 2024-07-27 22:36:10

Mitsubishi Motors is reportedly set to join Honda and Nissan in an alliance, creating a group with over 8 million vehicle sales. The three automakers are working together to standardize in-vehicle software. The move comes as Nissan faces declining sales in the US and China, forcing the company to cut its annual outlook. Collaboration could help Japanese automakers like Nissan and Honda compete in the electric vehicle market dominated by companies like BYD and Tesla. The potential partnership aims to produce EV components to gain a stronger foothold in the growing market for battery-powered cars.



Read more at Yahoo Finance: Mitsubishi Motors to join Honda-Nissan alliance, Nikkei reports