Nissan Motor Co., Ltd. (hereinafter referred to as “Nissan”) and Honda Motor Co., Ltd. (hereinafter referred to as “Honda”) have signed a memorandum of understanding and will begin discussions and considerations toward business integration between the two companies. of a joint holding company.
Nissan Motors and Honda signed an MOU on March 15th regarding a strategic partnership for the era of vehicle intelligence and electrification, in order to further accelerate efforts towards realizing a carbon-neutral society and a society with zero traffic fatalities. did. Since then, the two companies have held repeated discussions toward collaboration in various fields.
On August 1, the two companies signed a further memorandum of understanding to deepen the framework of their strategic partnership. In addition, the two companies will conduct joint research on fundamental technologies in the platform field of next-generation software-defined vehicles (SDVs), particularly in areas important for intelligence and electrification, and will focus on conducting more specific studies. They also announced that they had agreed to proceed with the discussion. collaboration.
Throughout this process, Nissan and Honda have discussed various possibilities and options. At the same time, the business environment for both companies and the automotive industry as a whole is changing rapidly, and the speed of technological innovation continues to accelerate. The Nissan and Honda MOU announced today is intended to remain globally competitive and serve as an option for both companies to continue to offer more attractive products and services to customers around the world.
If the management integration is realized, it will be possible to integrate the management resources of both companies, such as knowledge, human resources, and technology; Create deeper synergy. Strengthen your ability to respond to market changes. We can expect an increase in corporate value over the medium to long term. Furthermore, by integrating Nissan and Honda’s automobile business and Honda’s motorcycle business and general-purpose products business, and merging the brands of both companies, we will further contribute to the development of Japan’s industrial base as a “leading global mobility company.” We aim to Delivering more attractive and innovative products and services to customers around the world.
In making this announcement, Makoto Uchida, Nissan Director, President, and Representative Executive Officer, said, “Today is a pivotal moment as we begin discussions on a business combination that has the potential to shape the future of our company. By combining the strengths of both companies, together we will be able to offer unparalleled value to customers around the world who value their respective brands, creating a unique way to enjoy cars that neither company could achieve alone. You can.”
Toshihiro Mibe, Honda director and representative executive officer, said, “In order to overcome the harsh environmental changes facing the automobile industry, we must combine the knowledge, human resources, technology, and other resources that Honda and Nissan have cultivated over many years to create new mobility value.” It is essential to create.” It’s suitable. Honda and Nissan are two companies with unique strengths. Although we are still in the stage of considering this and have not decided on business integration, we will aim to be the only one to find a possible direction for business integration by the end of January 2025. We are a leading company that creates new mobility value through chemical reactions that can only be created by the fusion of both teams. ”
