Nissan and Mitsubishi announced on October 16 that they will continue the planning and development of kei cars in the next term through their joint venture NMKV. The three entities signed a memorandum of understanding.
This year, there was a report that Nissan will strengthen their plan of producing kei cars in their company for the fiscal year 2016, but at the same time, the three companies will also move forward in their joint project of developing new models of kei cars for the next term.
These three companies will construct an appropriate resource distribution and role-sharing in order to develop models with more competitive power. Specifically, these planned development and experimental works hereafter will be heavily influenced by Nissan. Also, they will establish a new section to strengthen the function of NMKV, including the function of the management assigned to product planning and project development, and engender a smoother cooperation in terms of development and production. Moreover, the production will take place in the Mitsubishi Mizushima Plant.
Nissan and Mitsubishi established their joint venture NMKV in June 2011 to conduct a planned development, and in relation to their cooperative operation on kei cars; they released the Dayz and the eK Wagon in June 2013, and the Dayz Roox and the eK Space in February 2014. Both brands have produced a cumulative total of 500,000 units together by the end of September, apparently having set foot on a favorable journey.
In this collaborative project, they are also making efforts in planning for the development of kei EVs; they will be announcing details about the outline of the next term kei cars, as well as its selling period, including the kei EVs’.
(Translated by Claire Marie Sausora)