[Tokyo report] According to the latest news from the Yomiuri Shimbun, Nissan Motor and Mitsubishi Corporation announced that the two parties have decided to establish a new joint venture by the end of fiscal year 2024 (April 2024-March 2025) to focus on autonomous driving vehicles and electric vehicle (EV) related services. This strategic cooperation will further accelerate the layout of the two companies in the future travel field and promote the demand for innovative automotive technologies in the Japanese and global markets.
The establishment of this joint venture marks the beginning of in-depth cooperation between Nissan and Mitsubishi Corporation in the fields of electrification and intelligent connected vehicles. The joint venture will be committed to developing and providing a series of comprehensive services based on autonomous driving and electric technology, including smart travel platforms, autonomous driving shared travel services, and charging network construction. The two companies plan to combine technology and operations to provide consumers with a more convenient, safe and environmentally friendly travel experience.
Nissan and Mitsubishi Corporation said in a statement that this cooperation will not only promote the popularization of electric vehicles, but also accelerate the application of autonomous driving technology and improve the efficiency and safety of travel services. The establishment of the joint venture is also in line with the Japanese government’s policy direction to promote future smart travel, especially in reducing carbon emissions and promoting green transportation.
According to the plan, the joint venture will first start business in Japan and gradually expand to other international markets. Both companies said that in addition to the research and development of autonomous driving and electrification technologies, the joint venture will also be committed to building a global electric vehicle charging network and autonomous driving test platform to enhance market competitiveness.
Nissan has already made significant arrangements in the field of electric vehicles, and its “Leaf” is one of the world’s best-selling electric vehicles. Mitsubishi Corporation, with its global business development and resource integration capabilities, can provide strong supply chain support and market promotion channels for the newly established joint venture.
For both parties, this cooperation is not only a technical integration, but also a strategic synergy. Through this joint venture, Nissan can enhance its influence in the global electrification and autonomous driving fields, while Mitsubishi Corporation can accelerate its layout in the field of smart travel solutions and new energy vehicles.