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Toyota, Mazda, Denso to form joint venture to develop electric vehicles

Toyota, Mazda, Denso to form joint venture to develop electric vehicles

Toyota, Mazda, Denso to form joint venture to develop electric vehicles
September 28
02:59 2017


Toyota President Akio Toyoda nd Mazda President and CEO Masamichi Kogai at a joint press conference on August 4, 2017 in Tokyo, Japan.

Tomohiro Ohsumi | Getty Images

Toyota President Akio Toyoda nd Mazda President and CEO Masamichi Kogai at a joint press conference on August 4, 2017 in Tokyo, Japan.

Toyota, Mazda and Toyota-affiliated parts maker Denso are planning to set up a joint venture to develop electric vehicles, Japanese public broadcaster NHK reported on Thursday.

Toyota said it had no immediate comment, while a Denso spokesman declined to comment. Mazda said nothing had been decided yet.



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