Suzuki and Daihatsu Join Toyota Electric Vehicle Venture

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partnership
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  • The two automakers will each acquire a 10 per cent stake in the joint venture, on par with Isuzu Motors and Hino Motors , while Toyota will hold a 60 per cent stake
  • Toyota, Isuzu and Hino launched the Commercial Japan Partnership Technologies Corporation in April to bolster their competitive edge in connected, commercial vehicles
partnership
Pic Source – Wallpaper Flare

Suzuki Motor Corp and Daihatsu are joining a commercial electric vehicle coalition led by Toyota Motor Corp, the carmakers announced.The two automakers will each acquire a 10 per cent stake in the joint venture, on par with Isuzu Motors and Hino Motors , while Toyota will hold a 60 per cent stake, they said.

Toyota President Akio Toyoda said that with Suzuki and Daihatsu joining the project and working together, they will be able to expand our circle of cooperation to not only cover commercial vehicles but also mini vehicles. With this expansion, he believes that we’ll be able to take one step closer to a better mobility society.

Toyota, Isuzu and Hino launched the Commercial Japan Partnership Technologies Corporation in April to bolster their competitive edge in connected, commercial vehicles. Daihatsu’s president Soichiro Okudaira said joining the pact and introducing connected, mini-commercial vehicles would allow data sharing, a major benefit for companies to provide better services to customers and improve logistics efficiency.

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