Toyota and Suzuki to start new global collaboration on EV and compact car
Toyota Motor Corporation and Suzuki Motor Corporation announced their agreement to begin considering concrete collaboration in new fields.
The two factories have been considering the concrete details of such collaboration since having concluded a memorandum of understanding toward business partnership on February 6, 2017.
The partnership between Toyota and Suzuki, in addition to bringing together their respective forces in electrification technologies and compact vehicles, intends to grow in new fields, such as joint production collaboration and widespread dissemination of electrified vehicles.
In addition to supply Toyota Hybrid System to Suzuki for the global market, the partnership will have a particular orientation for the markets of Europe, Africa and India.