Toyota Group Firms To Set Up JV For Self-Driving Technology

Sharing is caring!

Four Toyota Motor Corp group companies said they will form a joint venture to develop software that manages brakes, steering and other components for automated driving.

Advics, Aisin Seiki Co, Denso Corp and Jtekt Corp aim to launch the company in March 2019 with Denso to be the biggest stakeholder, owning 65 percent, they said in a joint statement. The Nikkei business daily had flagged the deal last week.

In addition, Aisin and Denso said they would set up a 50-50 joint venture to develop and sell electrification driving modules. They will focus on modules for hybrids, plug-in hybrids, fuel cell vehicles and electric vehicles, especially in China.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: