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Nissan, Mitsubishi Corporation to Establish Joint Venture for Autonomous Driving and EV Services

TOKYO, Nov 05 (News On Japan) –
Nissan Motor Co. and Mitsubishi Corporation are set to launch a brand new three way partnership aimed toward providing autonomous driving and electrical car (EV) companies.

According to sources acquainted with the matter, Nissan and Mitsubishi have finalized plans to collectively fund and set up the brand new firm, which is able to present companies using autonomous driving and EV applied sciences, by the top of the present fiscal 12 months.

Nissan goals to launch a paid service utilizing autonomous driving expertise to move passengers, whereas Mitsubishi is progressing with the commercialization of an AI-based system designed to optimize journey routes.

By combining their experience, the 2 corporations plan to speed up these initiatives with an eye fixed towards launching Level 4 autonomous driving companies sooner or later, beneath particular circumstances that get rid of the necessity for human intervention.

The new firm additionally intends to conduct pilot assessments beginning subsequent 12 months and is exploring extra companies, together with the usage of EV batteries to retailer electrical energy for house use or to promote surplus energy again to utility corporations.

Source: TBS

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