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4 Other Automakers Join Toyota’s Electric Vehicle Project

Toyota holds a 90 percent stake in the electronic vehicle project, while Mazda and Denso hold five percent each. Image source: Toyota

4 Other Automakers Join Toyota’s Electric Vehicle Project

Japan: Engineers from Suzuki, Subaru, Hino and Daihatsu have joined Toyota to develop basic technology for electric vehicles, in a project called EV CA Spirit.
The project is a joint venture launched by Toyota, Mazda Motor and Denso in September 2017. The companies have pledged to share their electric vehicle technology to facilitate the quicker development and application in various vehicle types.

Suzuki and Daihatsu are bringing their experience in compact vehicles, while Subaru looks to add guidance to the midsize range of vehicles. Truck manufacturer Hino will aid with the development of basic technology for a wide variety of electric vehicles.

Even though there are various automakers involved in the project, Toyota, Mazda and Denso will retain ownership of the joint venture, with Toyota holding a 90 percent stake and Mazda and Denso each holding five percent each.

The four new automakers will share in the joint venture’s research costs, as well as sending engineers to work on the project. About five engineers from each of the four new carmakers will participate, raising the number of engineers at the project to around sixty.

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