In a move that has stunned the automotive industry, two Japanese giants and longtime rivals, Nissan and Honda have announced they are joining forces to develop next-generation electric vehicles together. That's right, after decades of fierce competition, these two titans are teaming up in an historic partnership aimed at taking on the EV market leaders like Tesla. Is this going to be a boom to the EV World? Let’s check it out!!!!
For years, both Nissan and Honda watched from the sidelines as upstarts like Tesla gobbled up market share in the booming electric vehicle space. Despite their vast financial resources and manufacturing prowess, these automotive giants seemed paralyzed, struggling to field legitimate all-electric competitors of their own.
Based on this, we can say this shocking deal of coming together was driven by growing panic at both companies over their stagnant electric vehicle programs. Over the past few years, Nissan's pioneering Leaf EV has steadily lost market share to new models from Tesla, Ford, GM and others packing better range, performance and tech features.