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Mazda, Toyota, and Denso are Teaming Up on EV Development

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When it comes to collaboration, Mazda and Toyota have a long history, with years of joint efforts between the two companies. Now, though, it seems that they are adding one more to the list, and involving a third company in the development.

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This collaboration is between Mazda, Toyota, and the Denso Corporation, which produces electronics. These three companies, with their powers combined, are developing fundamental technology for electric vehicles (which both Mazda and Toyota lack from their lineups, despite Toyota’s many forays into hybrid technology). In addition, the trio have decided to create a whole new company, called EV C.A. Spirit Co., Ltd., made of engineers taken from each of the three to ensure “efficient implementation of the joint technological development projects.”

Mazda, in a press release, pointed to the creation of this joint venture as part of the increasing importance of electric vehicles and increasingly restrictive greenhouse-gas reduction regulations. It even added, “We regard electric vehicles (EVs) as a key technological field in this process alongside fuel cell vehicles,” a statement which was surely difficult for the historically electrification-averse company to admit.

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The company admitted to a certain degree of inexperience with electric vehicles, though, leading back to the joint development. Hopefully, this joint venture will allow Mazda and Toyota to produce their own electric vehicles more quickly, in order to keep up with market trends, and create elements for use in models from tiny “minivehicles” to SUVs and light trucks.

This partnership seems to be pretty open to new members in the future, as Mazda added that, “The companies also aim to create a business structure that is open to participation by other automakers and suppliers.”