Tokyo, Mar 15: Nissan and Honda said Friday they will work together on developing electric vehicles and auto intelligence technology to pool resources in a sector where Japanese automakers have fallen behind.

The chief executives of Nissan Motor Co. and Honda Motor Co. appeared together in a news conference in Tokyo to announce that Japan's second and third biggest automakers would look into possibilities, scope and areas that show potential for collaboration in electrification and the use of intelligence cars. Bajaj Auto Likely To Launch World’s First CNG Bikes Soon, Trademarks Three New Names for Its Upcoming Segment: Report.

Their agreement is non-binding, and discussions will now start, they said.

The world's automakers are moving toward what promises to be a growth business centred on electric vehicles, focusing on batteries and motors, instead of gas engines, as concerns grow about emissions and climate change. Tata Punch Facelift Spotted Testing, Likely to Draw Inspiration From Punch EV; Check Expected Design, Specifications and Features.

The Japanese have fallen behind some of the world's powerful rivals like Tesla partly because they have historically been so successful with combustion engine products.