Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.

We won't support this browser soon. For a better experience, we recommend using another browser. Learn More

Ad

Toyota and Mazda partner to build EV’s at the new U.S plant

August 07, 2017, 11:45 AM IST by Abhishek Nigam
Toyota and Mazda partner to build EV’s at the new U.S plant

With the world moving towards electrification, Japanese manufacturers Toyota and Mazda have decided to come together to build a $1.6 billion U.S. assembly plant as part of an alliance that will also see the Japanese automakers jointly develop electric vehicle technologies.

The two will take small stakes in each other as part of the tie-up. Toyota, the world's second-largest automaker by vehicle sales last year, will take a 5 per cent share of Mazda, extending its dominance in Japan's auto sector. Mazda will take a 0.25 per cent share of its larger rival. The plant will be capable of producing 300,000 vehicles a year, with production divided between the two automakers, and employ about 4,000 people. It will start operating in 2021.

As part of the agreement, Toyota and Mazda will also work together to develop in-car information technologies and automated driving functions. Toyota is also courting compact car maker Suzuki to cooperate on R&D and parts supply as Toyota seeks to tap its smaller rival's expertise in emerging Asian markets.

 

  • Toyota
  • Mazda
  • EV
  • FaceBook Logo
  • Twitter Logo
  • Email Logo
Show CommentsHide Comments
bell icon
Never miss an update
Receive latest updates from CarWale
Ad
  • Upcoming Cars

Land Rover New Range Rover EvoqueLand Rover New Range Rover Evoque

30th Jan 2020

53L - ₹ 70L
Lexus LC 500hLexus LC 500h

31st Jan 2020

1.60Cr - ₹ 2Cr
Audi New A8 LAudi New A8 L

3rd Feb 2020

1.20Cr - ₹ 1.50Cr
Kia CarnivalKia Carnival

5th Feb 2020

25L - ₹ 27L
Hyundai New CretaHyundai New Creta

Feb 2020

10L - ₹ 17L
All Upcoming Cars
Buying a new Car?Leave a missed call1800 2090 230(Toll free)

Select your city to avail offers

Currently available only in