The three vehicle manufacturing companies are working together - under the EV C.A. Spirit Co., Ltd. name - to develop the electric vehicle basics and they "aim to innovate the development process" by bringing together all their strengths.
They said: "With EVs yet to find widespread market acceptance, the huge investments and time required to cover all markets and vehicle segments is a pressing issue for individual automakers when responding to the widely varying demand for vehicles around the world.
"Mazda, Denso, and Toyota have decided to jointly develop basic structural technologies for EVs capable of covering a wide variety of vehicle segments and types to ensure flexible and rapid response to market trends.
"This agreement covers a diverse range of models, from minivehicles to passenger vehicles, SUVs, and light trucks, and aims to innovate the development process by combining the strengths of each company, including Mazda's bundled product planning and prowess in computer modeling-based development, Denso's electronics technologies, and the Toyota New Global Architecture (TNGA) platform."
The group have three goals in mind for their partnership. Firstly, researching the characteristics that make electric vehicles function the best. Secondly, verifying how this type of performance can be achieved and thirdly, deciding on the optimum of the above for each different vehicle classification.
They added: "Through this joint technological development project, by dedicating an equal amount of development resources, ensuring efficient development processes, and taking advantage of existing production facilities, Mazda and Toyota intend to focus their resources on fundamental vehicle values to enable the creation of appealing EVs that embody the unique identities of each brand and avoid the commoditization of EVs. The companies also aim to create a business structure that is open to participation by other automakers and suppliers."