Toyota and Mazda join forces to develop electric vehicles

Toyota and Mazda have teamed up with automotive components manufacturer Denso to form a brand new company that will develop technologies for electric vehicles.  

The three Japanese auto giants announced their plan to create the technological infrastructure needed for electric vehicle systems in light of current policy trends that throttle emissions and increasing EV sales. The new company formed by the deal — dubbed EV Common Architecture Spirit Co., Ltd. — will be mostly owned by Toyota, which holds a 90 percent stake compared to just five percent each for Mazda and Denso. 

The new company will be staffed by around 40 "selected engineers" from all three companies, who will work together to create framework technologies for electrification. The tech will be implemented across a wide range of vehicle types, from smaller cars to light trucks, across the Toyota and Mazda brands.  Read more...