Suzuki and Toyota have created a joint venture for the production of electric vehicles

Suzuki and Toyota have created a joint venture for the production of electric vehicles

FineAuto

Daihatsu Motor and Suzuki Motor have joined a joint venture organized by Toyota Motor to develop electric propulsion systems and autopilot systems for vehicles.

In a joint venture created 3 months ago called Commercial Japan Partnership Technologies Corporation, in addition to Toyota, there were still Hino Motors (trucks, buses), as well as Isuzu Motors (pickups, trucks, buses). With the addition of two more companies – Daihatsu Motor and Suzuki Motor – Toyota’s share in the joint venture decreased from 80% to 60%, and all other partners have 10% each.

Initially, the new company was planned to develop technologies for electrical installations as well as autopilot systems for trucks and pickup trucks. Now it became known that the project also applies to mini-cars, kei-cars.

Joint activities will enable partners to save money on research and development work (R&D). In addition, the new joint venture will unify the autopilot systems, including data transmission, which will make them more efficient.

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