Honda, Nissan Team Up on EVs to Take On China Juggernaut

(Bloomberg) — Honda Motor Co. Ltd. and Nissan Motor Co. Ltd. are teaming up to develop electric car technology, seeking to keep up with their Chinese counterparts in the rapid shift toward clean energy.

The carmakers will collaborate on core technology for battery-based electric vehicles, including software, they said in a statement Friday, adding that a memorandum of understanding for the strategic partnership had been signed.