Honda, Nissan and Mitsubishi join forces to catch Tesla in EV race

Japanese automakers consolidate resources with eye on deep-pocketed players

20240729N automakers

Toyota Motor Chairman Akio Toyoda, center, and Tesla CEO Elon Musk, right. Japanese automakers are pooling their resources on electric vehicles to catch up to rivals like Tesla. (Nikkei montage/Source photos by Nikkei and Reuters)

SHUHEI OCHIAI and SHOYA OKINAGA, Nikkei staff writers

TOKYO -- The expected entry by Mitsubishi Motors into the planned strategic partnership between Honda Motor and Nissan Motor represents the latest effort by Japanese automakers to pool their resources to catch up to foreign rivals in electric vehicles.

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