Nissan, Honda agree to EV deal

TOKYO — Nissan and Honda announced Friday that they will work together in developing electric vehicles and auto intelligence technology, sectors where Japanese automakers have fallen behind such rivals as Tesla of the U.S. and BYD of China.

Nissan Chief Executive Makoto Uchida and Honda President Toshihiro Mibe appeared together at a news conference in Tokyo to announce that Japan’s second- and third-biggest automakers will look into areas with a potential for collaboration.

The details of the nonbinding agreement are still being worked out, both sides said. The executives said the companies will develop core technologies together, but their products will remain different.