TSLA - Nissan And Honda Play Tesla Catchup — Considering EV Charging Tie-Up To Boost Competitiveness | Benzinga
Nissan Motor Co., Ltd. (OTC:NSANY) and Honda Motor Co., Ltd. (NYSE:HMC) are contemplating a collaboration in the development of automotive software and EV charging infrastructure to enhance their competitiveness in the electric vehicle market.
What Happened: The two Japanese automakers are considering a partnership to jointly develop operating systems and other automotive software, which could potentially reduce related costs, reported Nikkei on Wednesday.
This move is intended to help the companies catch up in the EV market, where they have lagged behind competitors like Tesla Inc (NASDAQ:TSLA) and China’s BYD Co Ltd (OTC:BYDDF) (OTC:BYDDY).
Software plays a crucial role in enhancing a vehicle’s basic functions and can be updated to continuously improve capabilities. ...