Automakers Honda and Nissan eye collaboration on software and EV charging (NYSE:HMC)

Honda Motor (NYSE:HMC) and Nissan Motor (OTCPK:NSANF) are in talks to jointly develop operating systems and other automotive software in an effort to reduce costs, Nikkei reported on Thursday.

The two Japanese automakers could also work together to bolster charging infrastructure to boost their competitiveness in electric vehicles, the report noted.

In March, Nissan and Honda had announced the start of a feasibility study of a strategic partnership in vehicle electrification and intelligence. The study’s scope included automotive software platforms, core components related to EVs, and complementary products.

Recently, Nissan recorded global retail sales of about 272,405 units for May, down about 0.8% from last year. Meanwhile, Honda’s global production for May was 304,423 units, down about 7.5% from last year.