Baku, March 14, AZERTAC Nissan Motor Co. is considering cooperating with Honda Motor Co. in the electric vehicle business, sources close to the matter said Thursday, potentially creating a powerful domestic alliance to rival industry giant Toyota Motor Corp, according to Kyodo News.Nissan is weighing jointly procuring some parts and sharing major components for their respective EVs to lower costs, the sources said. Discussions within Nissan are still in the early stages and Honda's stance on the tie-up remains unclear.Automakers worldwide are grappling with higher costs for developing EVs than gasoline-powered models, translating into higher prices for all-electric cars.The two Japanese automakers have been ramping up efforts to strengthen their respective EV businesses in recent years, but overseas rivals such as Tesla Inc. and BYD Co. still dominate the global EV market.Nissan has been increasing cooperation with its alliance partners Renault SA and Mitsubishi Motors Corp. in the area of EVs, while Honda, traditionally reluctant to partner with other companies, has been developing EVs with Sony Group Corp. and General Motors Co.