MAZDA, DENSO, TOYOTA SIGN TECH DEAL FOR ELECTRIC VEHICLES

TOYOTA CITY, Japan – Mazda Motor Corporation (Mazda), Denso Corporation (Denso), and Toyota Motor Corporation (Toyota) signed a contract today to jointly develop basic structural technologies for electric vehicles.

In a statement, Toyota said the three companies have also decided to establish a new company consisting of selected engineers from the three companies to ensure efficient implementation of the joint technological development projects.

“As countries and regions around the world adopt increasingly stringent policies to help reduce greenhouse gases, new regulations that mandate a certain proportion of electric vehicle 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. We regard electric vehicles (EVs) as a key technological field in this process alongside fuel cell vehicles”, Toyota said.

The deal covers 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 minivehicles 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 modeling-based development, Denso’s electronics technologies, and the Toyota New Global Architecture (TNGA) platform”, Toyota added.