Economy

Toyota, Mazda, And Denso Join Forces To Work On EVs

Toyota, Mazda, And Denso Join Forces To Work On EVs”

Even so, it has said it plans to launch EVs in 2020.

As part of the new alliance, Toyota and Mazda agreed to: establish a joint venture that produces vehicles in the United States; jointly develop technologies for electric vehicles; 3) jointly develop connected-car technology; 4) collaborate on advanced safety technologies; and 5) expand complementary products.

To be named EV Common Architecture Spirit Company, the new venture will draw on specific expertise at each of the three.

"This agreement covers a diverse range of models, from mini vehicles to passenger vehicles, SUVs, and light trucks, and aims to innovate the development process by combining the strengths of each company, including Mazda's bundled product planning and prowess in computer modelling-based development, Denso's electronics technologies, and the Toyota New Global Architecture (TNGA) platform".

That rather dense sentence contains several hints as to why this announcement is important.

Teaming up with Denso - the country's largest autoparts maker - will help accelerate development of production model electric cars.

Kiyoshi Fujiwara, Mazda's senior managing executive officer with oversight of research and development, described the company's upcoming all-electric vehicle to Green auto Reports as "an individual top hat" on a platform shared with Toyota. Once it will be up and running in 2021, Toyota will assemble the Corolla for the North America while Mazda is going to put together crossovers for the same market.

After years of focusing on bringing hydrogen fuel cell vehicles to the market, Toyota last year set up a division to develop electric cars, which is led by President Akio Toyoda, and said it plans to introduce EVs in China in the coming years. Toyota has cited affordability and the limited range of battery-operated cars as obstacles to the mass popularisation so far.

Toyota will take a 90-percent stake in the venture, to be launched next month in the central city of Nagoya, near the automaker's headquarters. The aim of Toyota is to catch up with its competitors in the race to produce better and efficient electric vehicles.

Toyota and Mazda in August announced a capital tie-up, saying each would allocate 50 billion yen to develop core electric vehicle technologies and control systems.



Like this

Latest


28 September 2017
Four Assistant Hoops Coaches Arrested on Corruption Charges
Adidas says it's unaware of any misconduct but will "fully cooperate with authorities". Person and Evans have been suspended, and Bland was placed on administrative leave.

28 September 2017
Fairytale wedding! Italian woman marries herself in lovely ceremony
We have all heard of stories of people falling in love in the most unconventional way and having out of the box weddings. Mesi told family and friends that if she had not found her ideal mate by her 40th birthday, she would marry herself.

28 September 2017
UAE Announces $140 Million BIG-Designed Mars Science City
The ruler has unveiled plans for a 1.9 million square-foot simulation city that will imitate real-life living on the surface of Mars.

28 September 2017
Discovery Communications, Inc. (NASDAQ:DISCA) Valuation According To Analysts
Ballentine Partners LLC purchased a new stake in shares of Discovery Communications during the 2nd quarter worth $133,000. Seizert Capital Partners Llc bought 325,593 shares as the company's stock declined 10.36% while stock markets rallied.

28 September 2017
Blueknight Energy Partners, LP (NasdaqGM:BKEP)'s Profitability Pulled into Focus
Therefore 0 are positive. 8point3 Energy Partners LP had 33 analyst reports since August 12, 2015 according to SRatingsIntel. Increasing profits are the best indication that a company can pay dividends and that the share price will trend upward.

28 September 2017
AidennLair Capital Management Acquires $4.10 Million in The Hain Celestial Group,
It is positive, as 51 investors sold HAIN shares while 107 reduced holdings. 60 funds opened positions while 92 raised stakes. The Hain Celestial Group, ( HAIN ) transacted up 0.35% through out intraday market trading on early Tue, topping $40.29.

28 September 2017
First Trust Senior Floating Rate Income Fund II (FCT): Tracking the Indicators
Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend. When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market.

28 September 2017
Nuveen Amt-Free Municipal Value Fund (NUW) to Issue $0.06 Monthly Dividend
The Average Directional Index or ADX is a technical analysis indicator used to describe if a market is trending or not trending. Presently, Nuveen Municipal 2021 Target Term Fund (NHA)'s Williams Percent Range or 14 day Williams %R is resting at -79.17.

28 September 2017
Cubs clinch division, heating up at right time
Kris Bryant leads the Cubs with 161 hits and 73 RBI while Anthony Rizzo and Javier Baez have combined for 283 hits and 184 RBI. He gave up a run in the first inning but surrendered just two hits and two walks while striking out three on the night.

28 September 2017
Ghost Recon Wildlands Ghost War PvP Mode Launching October 10
There are eight maps and 12 classes at launch, and Ubisoft has said it will have "regular updates and new content" after launch. You can check out the new trailer below in anticipation for the mode's launch on October 10.



Recommended