Honda and Nissan have officially announced their intentions to form a joint company.

Honda and Nissan have officially announced their intentions to form a joint company that will focus on developing platforms and applications for future cars.The merger will allow the companies to improve financial flows and supply chains, which will increase competitiveness and accelerate the production of new cars.

Yesterday, at 2:36 p.m., Nissan students presented unusual concept cars at the Tokyo Motor Show

Hoping to get a positive effect from the merger, the two companies signed an agreement on mutual understanding. The goal is to meet modern challenges and become one of the leading companies in the field of mobility with annual revenue of 30 trillion yen (approximately 191 billion dollars).

The companies plan to collaborate to develop fundamental technologies and platforms for software-defined vehicles. In addition, they plan to use common supply channels for raw materials and joint plant management.

Thanks to this, it will be possible to standardize the workflow and combine some financial transactions, which will allow customers to receive new financial services throughout the entire life cycle of the car.

According to the decision to establish the parent company, shares of Honda and Nissan will be distributed, but specific shares have not yet been disclosed. The deal is expected to close in August 2026.

The deal is expected to close in August 2026. Mitsubishi Motors is still assessing the advantages and disadvantages of joining the alliance by the end of January 2025.