Suzuki Motor and Daihatsu Motor have joined three other major Japanese automakers, including Toyota Motor, to jointly develop advanced technologies and accelerate the electrification of commercial vehicles.
It was announced this week that Suzuki and Daihatsu are investing in an April joint venture between Toyota, Hino Motors and Isuzu Motors. The companies intend to collaborate on costly research and collaboration on “connected, autonomous, shared and electric vehicles” (which stands for connected, autonomous, shared and electric vehicles). The project is also part of companies’ efforts to quickly adapt to a zero-carbon world.
Suzuki and Daihatsu will acquire 10% of the joint venture from Toyota. Following the deal, Toyota will hold 60% of the Commercial Japan Partnership Technologies, while Hino, Isuzu, Suzuki and Daihatsu will each hold 10%.
The company was originally set up to develop technologies for commercial vehicles, mainly trucks. With the arrival of Suzuki and Daihatsu, two major manufacturers of mini or key cars, the JV will expand its scope of interests to include cars in this category, which are very popular in Japan.
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