Suzuki and Daihatsu planning to join Toyota’s electrification venture
Category: #technology  By Akshay Kedari  Date: 2021-07-22
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Suzuki and Daihatsu planning to join Toyota’s electrification venture

Japanese automakers Suzuki Motor Corp. along with Daihatsu Motor Co. Ltd. are joining the commercial EV coalition led by Toyota Motor Corp. to launch electric vehicles by providing small affordable cars by 2025.

For those unaware, the Commercial Japan Partnership Technologies Corporation was launched by Toyota, Hino, and Izusu to enhance the competition pertinent to connected, commercial vehicles.

The alliance will help the three carmakers focus on smaller cars and trucks. Suzuki and Daihatsu will acquire a 10% stake in the joint venture, while Toyota will own at least 60% stake.

Both Toyota and Suzuki will work on integrating the apparent technology for an electrifying premium, affordable small cars and will work with advanced safety technologies, as a part of their collaboration.

President of Toyota Motor, Akio Toyoda reportedly claimed that this collaboration will help the Japanese carmakers to achieve an advanced sustainable mobility ecosystem.

Soichiro Okudaira, President of Daihatsu commented that the launch of connected, mini-commercial cars would allow for data sharing among the Japanese automakers. This will help in providing better customer services, further improving logistics efficiency, he added.

This agreement has been signed at a time when Japanese carmakers are encountering difficult challenges not only from rivals but also from tech companies who have started venturing into the electric vehicle business domain.

If reports are to be believed, Suzuki Motor is slated to launch its first electric vehicle in India by 2025. The company is striving to launch an all-electric compact model for Indian customers, which is expected to be priced at around USD 14,772.

Speaking of which, Maruti Suzuki has managed to record 5 million sales in rural markets in India, further strengthening itself as the country’s largest automaker.

Source Credits- 

https://auto.hindustantimes.com/auto/news/suzuki-joins-toyota-s-electric-vehicle-venture-to-focus-on-small-electric-cars-41626859098690.html

 

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Akshay Kedari    

Akshay Kedari

Akshay holds a Bachelor’s degree in computer engineering. Despite having a penchant for software development and the like, Akshay took to writing as a career owing to his passion for the field. Presently, Akshay writes articles for itresearchbrief.com and a few oth...

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