Nissan, Mitsubishi To Set Up EV Battery, Autonomous Car Service Joint Venture

Nissan Motor Co. and trading house Mitsubishi Corp. are planning to establish a joint venture by March 2025 to provide services using autonomous driving technology and electric vehicle batteries, sources familiar with the matter said, Kyodo News reported.

The new company, to be equally owned by Nissan and Mitsubishi, is also exploring the use of electricity stored in EV batteries as an emergency power source for households. I Photo: Nissan

The venture aims to offer autonomous driving services in rural areas of Japan, where labor shortages are more severe, and public transportation options are limited due to the aging population.

The new company, to be equally owned by Nissan and Mitsubishi, is also exploring the use of electricity stored in EV batteries as an emergency power source for households, according to the sources.

In March, the two companies announced their consideration of energy services using EVs but did not provide details.

Nissan is advancing partnerships in the EV industry, having earlier this year agreed with Honda Motor Co. to explore a collaboration in EV production. Mitsubishi Motors Corp. is also part of a three-way alliance that includes Renault SA, Mainichi Japan also reported.