According to latest car news, Toyota, Mazda and Denso have recently decided to work in close collaboration with each other in order to develop new technologies for the production of electric vehicles.
Toyota, Mazda and Denso have recently decided to work in close collaboration with each other
To our eyes, this cooperation, generally, can exploit enormous strengths of these three famed companies, namely:
- Toyota: Toyota New Global Architecture platform
- Mazda: “bundled product planning and prowess in computer modeling-based development”
- Denso: advanced automotive technologies, components and systems
As a result, the companies have been founded the EV CA Spirit, where all cooperative strategies will take place. In terms of workforce, initially, there will be 40 selected staff from the three brands. Concerning equity participation, with a 90% share, Toyota becomes the biggest shareholder of EV CA Spirit, whereas Mazda and Denso get equal shares of 5%.
The companies will develop basic structural technologies for electric vehicles
Apart from the headquarter EV CA Spirit, the trio also plan to establish another company named “JV” in Nagoya, Japan. As planned, JV will take on the R&D of basic structural technologies for electric vehicles. Accordingly, new techs will cover a diverse range of models and segments with a view to keeping up with latest auto tech trends.
Besides, the alliance also reveals that they always welcome the contributions, supports and participations from other car manufacturers and suppliers.
>>> Click here to view more updates in automotive market around the world.
Know more about Toyota
<p>Toyota leads the local automobile industry, distributed by Toyota Motor Philippines. It has a staggering total of 73 dealerships all over the country. It has 27 dealerships in Luzon, 15 in the Visayas, 11 in Mindanao, and 20 in Metro Manila, including Lexus Manila, Inc. for its service centers and sales distribution. TMP has the most extensive car lineup in the country, with its current range consisting of 20 vehicles in total. See the latest price list of Toyota vehicles in the Philippines here.</p>