Toyota and Mazda and Denso will cooperate to develop electric vehicles

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Japanese automaker Toyota, Mazda and large auto parts manufacturer Denso announced on the 28th that the three companies signed a contract to jointly develop electric vehicle-related technologies and decided to set up a new company for this purpose. Let's take a look at the related content with the car electronics editor.

The three companies said in a joint press release on the 28th that Toyota, Mazda and Denso will contribute a total of 10 million yen (1 US dollar total 112.7 yen) at a rate of 90%, 5% and 5% respectively. The new company is headquartered in Nagoya City, not far from Toyota's headquarters. It is mainly engaged in research and development of basic technologies related to electric vehicles covering all levels and models. The new company's full-time engineers are mainly seconded from three companies.

In recent years, many countries and regions in the world have imposed stricter restrictions on greenhouse gas emissions. In some places, it is even mandatory to have a certain proportion of electric vehicles in sales vehicles.

Toyota's eco-friendly car strategy has always been dominated by hybrid vehicles and fuel cell vehicles. However, in November 2016, Toyota disclosed plans to establish and improve the mass production system for pure electric vehicles by 2020. In August this year, Toyota and Mazda reached a capital cooperation agreement and decided to accelerate the joint research and development of pure electric vehicles.

The cooperation of the three companies can not only play the role of parents, but also enhance the overall competitiveness of the electric vehicle field, and avoid the huge capital, manpower and time costs required for independent research and development.

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