Another Great Japanese Alliance in the Making? Mitsubishi Wants to Join Honda-Nissan Deal

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Almost two months ago, news came out of Japan that caused quite a stir in a period of commitment to electrification: Toyota, Mazda and Subaru had joined forces to develop a new generation of internal combustion engines, each with its own well-known recipe, supported by electrification and alternative fuels.

It has long been said that Japan, despite being a pioneer in electrification, is one of the markets least inclined to fully transition to 100% battery electric vehicles, so they are still considering other alternatives. present, such as hybrids, and the future, such as hydrogen vehicles, both internal combustion and fuel cells, while they continue to develop next-generation combustion units.

A Japanese alliance with a different approach than Toyota-Mazda-Subaru.

However, not all Japanese manufacturers are committed to Toyota’s vision and have much more ambitious plans to build 100% electric vehicles, such as Nissan, which is pinning its hopes on solid-state batteries, and Honda.

. The two companies, seeking to strengthen their positions in the face of China’s fierce energy offensive, recently signed an agreement. an agreement to promote “automotive software platforms, core components related to electric vehicles, and complementary products.” An agreement that now appears to have a third well-known Japanese brand eager to sign: Mitsubishi.

This was reported by the well-known publication Nikkei Asia, which reports that Mitsubishi has apparently confirmed its willingness to join this new Japanese alliance, which is much more focused on electric vehicles than the one represented by Toyota-Mazda-Subaru. According to the report, Mitsubishi has already signed a confidentiality agreement with Honda and Nissan to begin talks on strengthening the alliance between the three manufacturers.and the truth is that the river seems to carry water because Misubishi shares rose 6.3% following the report..

And the truth is, this agreement makes a lot of sense. Especially when you consider that Nissan owns 34% of Mitsubishi, with which it already has an alliance with Renault through which they share many components and systems.

So, The new agreement will allow the three Japanese companies to cut R&D costs and speed up their developments to be more competitive with Chinese rivals.although the deeper details of the agreement are not yet known. We will have to pay close attention to this new alliance of three major Japanese manufacturers.