Honda and Nissan are already collaborating, and it appears that Mitsubishi is set to join them soon
These are tough times for automakers, with competition at an all-time high, largely due to the advance of Chinese car manufacturers who have gained an edge in the electric vehicle (EV) sector. Coupled with increasingly stringent emissions regulations, the industry is facing a perfect storm. To navigate these challenges, some major players are forming partnerships. The recent Honda-Nissan alliance may soon include a third member: Mitsubishi.
According to Nikkei Asia, Mitsubishi is reportedly interested in joining the existing Honda-Nissan collaboration. The initial agreement, announced in mid-March, focuses on “automotive software platforms, core EV components, and complementary products.” Given that Nissan holds a 34 percent stake in Mitsubishi, it would be logical for this third Japanese brand to become part of the alliance.
The report states that Mitsubishi has already signed an NDA with Honda and Nissan to kick off discussions about a wider tie-up. Shortly after the report emerged, shares in Mitsubishi rose by 6.3 percent, according to Reuters. Nissan also saw an increase of 2.8 percent, while Honda gained 2.6 percent.
Collaborating would help the three companies lower R&D expenses and accelerate development, strengthening their position against Chinese competition. However, specifics of the alliance remain undisclosed. Notably, Nissan and Mitsubishi have been partnering with Renault since 1999.
This wouldn’t be the first Japanese trio formed this year. Toyota, Mazda, and Subaru recently teamed up to develop a new generation of combustion engines. These next-generation engines will focus on hybrid powertrains and compatibility with carbon-neutral fuels. Toyota is working on several inline-fours, Mazda is advancing its rotary technology for range-extended EVs, and Subaru is refining its distinctive boxer engine.
As someone who tends to be optimistic, I would love to see Nissan, Honda, and Mitsubishi collaborate on an affordable sports car. Nissan has hinted at potentially reviving the Silvia in the future. However, this alliance seems more focused on practical concerns like software and EVs. Nikkei Asia suggests that plug-in hybrids and kei cars might also be shared objectives. Ultimately, cost-cutting is a priority, and making profitable sports cars can be challenging.
