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Toyota Motor Corporation will be the lead partner in a three-way alliance for electric vehicles (EVs) that includes Mazda and Denso. It will hold 90 per cent equity in the $88,690 deal with the other two Japanese companies taking up 5 per cent each. According to a press release, the three signed a contract on Thursday to jointly develop basic structural technologies for electric vehicles.
They have also decided to establish a new company consisting of selected engineers to ensure the efficient implementation of the joint technological development projects. These engineers will be drawn from within each of the company’s manpower resources. Interestingly, the trio aims to create a business structure that is open to participation by other automakers and suppliers.
The three Japanese entities have decided to jointly develop basic structural technologies for EVs capable of covering a wide variety of vehicle segments and types to ensure flexible and rapid response to market trends. This agreement covers a diverse range of models, from mini-vehicles to passenger vehicles, SUVs, and light trucks.
It 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.
Through this joint technological development project, by ensuring efficient development processes and taking advantage of existing production facilities.
The companies believe that as countries around the world adopt increasingly stringent policies to help reduce greenhouse gases, new regulations that mandate a certain proportion of EV sales are beginning to emerge. Complying with these environmental regulations, while ensuring the sustainable growth of our companies, requires the development of a wide range of powertrains and technologies.
It is here that EVs will emerge as a key technological field in this process alongside fuel cell vehicles. While they are yet to find widespread market acceptance, the huge investments and time required to cover all markets and vehicle segments is a pressing issue for individual automakers.
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