Mitsubishi Motors joins the Honda-Nissan EV alliance

Mitsubishi Motors has signed an agreement to join the Honda-Nissan alliance, focusing on electric vehicles and software development. The collaboration aims to create a shared electric platform to reduce costs and enhance competitiveness against Tesla and Chinese manufacturers. Despite being rivals, the three Japanese automakers will combine their technologies to strengthen their position in both global and domestic markets. In 2023, the trio collectively sold 8.35 million vehicles.