Honda open to new alliances to bring down EV costs, says CEO Toshihiro Mibe

Toshihiro Mibe's comments reflect the pressure on the global auto industry to share technology and costs to meet demands for cleaner vehicles. He has assumed the top role at Japan's second-largest automaker at a time of a growing shift in automobile technology to electric vehicles (EVs) and autonomous driving.

"If through an alliance Honda can accomplish early what it should aim to be, then we'd be willing to form an alliance," Toshihiro Mibe, who took the top job in April, told a press briefing, when asked how he envisions global alliances on electrification.