Tokyo, Japan–Japanese auto giants Nissan and Honda will announce a tie-up in developing electric vehicles on Friday, local media said, an alliance aimed at taking on China’s dominant manufacturers.
The memorandum of understanding could include cooperation on a common EV powertrain and joint procurement of batteries and other components, the reports said.
The firms announced a joint news conference at 3:30 pm (0630 GMT) in Tokyo without giving further details.
Nissan was not immediately available for comment and Honda declined to answer questions on the reports.
The sources, who declined to be identified as the matter is still private, said Nissan and Honda are yet to formally start discussions, with the scope of the partnership undecided.
Another source said the idea of collaboration emerged between the chief executives of the companies.