Nissan and Honda Team Up on EVs to Catch Up to Tesla and Chinese Rivals

Nissan and Honda confirm partnership to jointly develop EVs and software as they fall behind leaders like Tesla and BYD
Aim is to reduce EV prices to compete with low-cost Chinese automakers expanding overseas
Comes as Japanese automakers lose market share in China, which accounts for 10-20% of their profits
Nissan looking to invest in struggling EV startup Fisker, potentially for an electric pickup
After delays, Nissan's Ariya production on track; Honda launching first EV SUV Prologue this month