Honda and Nissan join forces on electric car technology to chase Chinese rivals

Deal between Japanese carmakers involves components and software amid race to catch up with Chinese EV firms

Honda and Nissan have put aside the traditional approach" of fierce rivalry to join forces and work together on electric vehicle technology as Japan's carmakers try to catch up with Chinese competitors.

The Japanese manufacturers will work together on technology for EVs, including components and software, after signing a memorandum of understanding on Friday.