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Tokyo, Japan: In a strategic move to bolster their positions in the global automotive landscape, Nissan Motor Co. and Honda Motor Co. announced a collaborative effort focusing on electric vehicles (EVs) and intelligent car technology.

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The announcement, made jointly by the CEOs of both companies during a press conference in Tokyo, signifies a significant shift for the Japanese auto industry. The partnership aims to leverage the combined resources and expertise of both companies, allowing them to compete more effectively in a rapidly evolving market increasingly dominated by electric and intelligent vehicles.

While acknowledging the success of Japanese automakers in the past with combustion engine technology, both Nissan and Honda recognize the need to accelerate their development in EVs and intelligent car technology, areas where some global rivals have taken the lead.

The agreement, though non-binding at this stage, paves the way for further discussions to identify specific areas for collaboration. Potential focus areas include joint development of electric vehicle battery and motor technologies, as well as advancements in intelligent car systems. This strategic alliance positions both companies to regain a competitive edge in the global race toward a more sustainable and technologically advanced automotive future.