Nissan Motor Co., Ltd. (“Nissan”) and Honda Motor Co., Ltd. (“Honda”) have signed a memorandum of understanding (MOU) to start discussions and considerations toward a business integration between the two companies through the establishment of a joint holding company. To further accelerate their efforts toward achieving a carbon-neutral society and a zero-traffic-fatality society, Nissan and Honda signed an MOU on March 15 regarding a strategic partnership for the era of vehicle intelligence and electrification.
Since then, the two companies have held discussions aimed at collaboration in various fields. On August 1, both companies signed a further MOU to deepen the framework of the strategic partnership. Marking the announcement, Nissan Director, President, CEO, and Representative Executive Officer Makoto Uchida said, “Today marks a pivotal moment as we begin discussions on business integration that has the potential to shape our future.”
Honda Director and Representative Executive Officer Toshihiro Mibe said: “Creation of new mobility value by bringing together the resources, including knowledge, talents, and technologies, that Honda and Nissan have been developing over the long years is essential to overcome challenging environmental shifts that the auto industry is facing.”
