India, March 19 -- China is one of the world's largest EV manufacturers, as evidenced by industry reports. In a bid to take on Chinese rivals, the two most well-known Japanese automakers -Honda and Nissan -have teamed up to explore co-development of electric vehicles and other related products. A Memorandum of Understanding (MoU) between the two corporations states that they will study the possibility of forging a strategic partnership in the fields of intelligence and vehicle electrification.

The partnership will encompass a feasibility assessment of vehicle software platforms, essential EV components, and additional items. Although the Japanese automakers haven't made many announcements, it looks like the collaboration will lead to a s...