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.



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