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Revving up the gears of collaboration, Honda Motor (NYSE:HMC) and Nissan Motor (OTCPK:NSANF) have engaged in discussions to intertwine their expertise in developing operating systems and automotive software, a move aimed at lubricating the wheels of progress while paring down costs, as reported by Nikkei on a recent Thursday.
The amalgamation of these two Japanese automotive juggernauts doesn’t end there – there are whispers of a mutual effort to fortify charging infrastructure, a strategic maneuver intended to turbocharge their competitive edge in the realm of electric vehicles, as alluded to in the report.
Fanning the flames of this synergy, in March, both Nissan and Honda laid the foundation for a comprehensive feasibility study charting the terrain of a potential strategic partnership in vehicle electrification and intelligence. The study’s roadmap included delving into automotive software platforms, core components vital to EVs, and complementary products.
Zooming into recent performance, Nissan swooped in with global retail sales notching up approximately 272,405 units in May, experiencing a slight deceleration of about 0.8% compared to the previous year. Meanwhile, the hum of Honda’s global production machinery hummed along at 304,423 units in May, encountering a muted note of decline at about 7.5% year-on-year.