Nissan Motor (7201) Collaboration summary

Opening remarks and agenda

• Joint press conference held by top executives of three major automakers to announce the signing of an MOU and the start of business integration talks, with a Q&A session following the presentations.

Strategic rationale and objectives

• Nissan, Honda, and Mitsubishi Motors signed an MOU to explore business integration via a joint holding company, aiming to clarify the direction by January 2025 and accelerate carbon neutrality and zero-traffic-fatality initiatives.

• The integration seeks to address industry transformation through electrification, vehicle intelligence, and to create new mobility value propositions.

• Intend to increase mid- and long-term corporate value by integrating resources, talents, and technologies, strengthening Japan's industrial base.

Partner introductions and roles

• Presenters included the CEOs of Nissan, Honda, and Mitsubishi Motors, each outlining their company's perspective and commitment.

• Honda will initially lead the integration process, nominating the majority of the holding company's board, including the president and representative director.