Toyota Mazda Denso join forces to develop electric vehicles

By:   Fedora Atjeh Fedora Atjeh   |   9/28/2017 11:40:00 PM
Toyota Mazda Denso join forces to develop electric vehicles

Japanese companies Toyota Motor Corporation, Mazda Motor Corporation and Denso Corporation today announced the signing of a collaborative agreement for the development of 'basic structural technologies' in the field of electric vehicles. This involves the creation of a new joint venture with engineers from the three firms to develop new projects.

For these three Japanese manufacturers electric vehicles, as well as fuel cells, are a key technological piece in which they must focus efforts. They are looking to develop a wide range of engines and associated technologies to be prepared when the electric cars conquer the car market, in the not too distant future.

With the objective of covering the future demand in different segments (passenger cars, light trucks, SUV, etc ...) and having the speed and flexibility to adapt to the market trends, this agreement supposes the creation of the company EV C.A. Spirit Co., Ltd, which will make use of Toyota's new global platform, Denso electronic components and technologies, and Mazda's computer planning and development capabilities.

The deep collaboration between Toyota and Mazda (Denso is heavily invested by Toyota) was announced last August, with a capital alliance of 1.6 billion dollars, but this news about the creation of a new company does not do more which confirm all that we had already advanced on the joint work in the field of electric.

At the time of the creation of the company have been announced about 40 employees, and the capital of the same amounts to 10 million yen. The main investor, with a huge percentage, is Toyota (90%), while Mazda and Denso have each contributed 5% of the total budget.

This business structure created among the three Japanese companies, looking for synergies and reduction in costs, is open to the participation of other automobile manufacturers or suppliers.

The ultimate goal of this new company EV CA Spirit is the development and application and optimization of components for the different types of electric vehicles, with a common architecture, depending on the requirements of each one, since the idea is to be able to offer very different types of electric, of different segments, according to the needs of each brand involved.

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