Mazda, Denso, and Toyota sign joint technology development contract for EVs
Mazda Motor Corp., Denso Corp., and Toyota Motor Corp. signed a contract to jointly develop basic structural technologies for electric vehicles (EVs). The three companies have also decided to establish a new company consisting of selected engineers from the three firms to ensure efficient implementation of the joint projects.
Mazda, Denso, and Toyota plan to develop EV technologies that cover 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. These strengths include Mazda's bundled product planning and computer modeling-based development, Denso's electronics technologies, and the Toyota New Global Architecture (TNGA) platform.
The new company will engage in the following:
- Research into the characteristics (common architecture) that define optimum performance and functions of EVs from the standpoint of both individual components and the whole vehicle
- Verification of component installation and vehicle performance realized by the characteristics achieved in item 1
- Examination of the optimum concept for each car classification with regard to each component and each type of vehicle realized by achieving items 1 and 2
Through this joint technological development project, by dedicating an equal amount of development resources, ensuring an efficient development processes, and taking advantage of existing production facilities, Mazda and Toyota intend to focus their resources on fundamental vehicle values to enable the creation of appealing EVs that embody the unique identities of each brand and avoid the commoditization of EVs. The companies also aim to create a business structure that is open to participation by other automakers and suppliers.