Mazda Motor, Denso, and Toyota Motor have signed a contract to jointly develop basic structural technologies for electric vehicles (EVs).  

In addition, a new company will be formed that will have selected engineers from the three companies to ensure the correct implementation of joint technological development projects. 

The new company EV CA Spirit in Nagoya formed by Mazda, Denso, and Toyota will research into technologies that will enable optimum performance and functions of EVs. 

Together, the companies have agreed to develop structural technologies for a wide range of EVs such as mini vehicles to passenger vehicles, SUVs, and light trucks, ensuring that they are in line with changing market trends. 

"The companies aim to create a business structure that is open to participation from other vehicle manufacturers and suppliers."

Under the agreement, Mazda will be engaged in product planning and will use its expertise in computer modelling-based development, Denso will focus on electronics technologies, and Toyota will offer its Toyota New Global Architecture (TNGA) platform.

The companies also aim to create a business structure that is open to participation from other vehicle manufacturers and suppliers. 

Most countries worldwide are adopting stringent policies to help reduce greenhouse gases. 

To comply with these environmental regulations, vehicle manufacturers view EVs as a key development to meet this requirement.