Among other things, the joint development of software is planned. The details of the agreement are still being negotiated. Mitsubishi declined to comment on the matter. The other two car manufacturers could not immediately be reached for comment. Nissan, Japan’s third largest vehicle manufacturer, is suffering from falling demand in its two most important markets, the USA and China. As a result, the company’s operating profit was almost wiped out in the past quarter. The company also cut its full-year targets. In March, Nissan and Honda said they were considering forming a strategic partnership to develop electric vehicles. This is intended to reduce costs in order to better compete against Tesla from the USA or BYD from China.
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