Mazda’s electric car plans with Toyota takes market by surprise
MAZDA made two important announcement this week.
The first is a factory to build electric cars in the U.S. with Toyota.
The second announcement is the Skyactiv-X engine, billed as “the world’s first commercial petrol engine to use compression ignition”.
Mazda Motor Corporation said the new engine is part of its technology development that looks ahead to the year 2030.
Toyota Motor Corp said on Friday it planned to take a five percent share of smaller Japanese rival Mazda Motor Corp, as part of an alliance that will see the two build a $1.6 billion U.S. assembly plant and work together on electric vehicles. Mazda will in turn get a 0,% share of Toyota.
Toyota is also courting compact car maker Suzuki Motor Corp to co-operate on R&D and parts supply, as Toyota seeks to tap its smaller rival’s expertise in emerging Asian markets.
Reuters reported the ToyotaMazda electric vehicle plant was a surprise for investors at a time of cooling U.S. sales.
As part of the agreement, as well as electric car technology, Toyota and Mazda will work together to develop in-car information technologies and automated driving functions.
The plant, whose location is not yet public, will be able to produce 300 000 vehicles a year, with production divided between the two automakers, and employ about 4 000 people. It will start operating in 2021.
Toyota has set a goal for all of its vehicles to be zero emission by 2050.
Other traditional automakers such as Daimler and BMW are also weighing how best to work on new, disruptive technology, from electric vehicles to autonomous driving