Joint Venture Plans between Mitsubishi and Nissan

TOKYO (Reuters) – Japan's Mitsubishi Corp and Nissan (OTC:NSANY) have announced plans to form a joint venture focused on autonomous driving services and the use of electric vehicle batteries as storage batteries, according to a report by the Yomiuri newspaper on Monday.

The joint venture is set to launch by March 2025 and will be equally owned by both companies, as reported by Yomiuri.