Honda and Mitsubishi Motors Sign MOU to Develop New Pickup Based on Triton for ASEAN Market

Key summary

Honda Motor Co. and Mitsubishi Motors Corporation have signed a Memorandum of Understanding (MOU) to collaborate on developing a new pickup truck based on the Mitsubishi Triton for the ASEAN market, with plans to launch the vehicle in 2028. This marks the first time the two companies will adapt each other's vehicles to expand their product lines. Currently, Honda has no pickup trucks available in the ASEAN region; utilizing the 1-ton ladder-frame chassis of the Triton allows Honda to extend its product lineup. Mitsubishi Motors stated that the Triton is one of its key global models. The collaboration aims to increase production volume and improve the utilization of Mitsubishi's manufacturing capacity in Thailand. This agreement is part of a broader strategic framework involving Nissan Motor Co., signed on August 1, 2024, where all three companies will explore further cooperation in the short, medium, and long term, including adapting each other's vehicles to strengthen product groups in various global regions.