Toyota and Mazda have signed an important agreement

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Toyota и Mazda подписали важное соглашение Toyota and Mazda will jointly develop electric cars

The Mazda and Toyota have signed a new cooperation agreement under which they will be engaged in the development of vehicles with electric propulsion systems and the creation of a joint venture in the United States.

Manufacturers will exchange shares with a total value of 50 billion yen ($454 million), while Toyota will get of 5.05% of new issued shares “Mazda”, and the Mazda gets only 0.25% of the securities.

New venture, Mazda and Toyota will own in equal shares. Its capacity will reach 300,000 vehicles per year, and the pipeline will start in 2021. Investment in the plant will be 1.6 billion US dollars. On this site it is planned to collect sedans Toyota Corolla and Mazda crossovers.

Detailed information on future joint electric cars yet (previously it was only reported that “Mazda” model of the electric range appears to 2019). In addition to electric vehicles, the Alliance will work on the new multimedia systems, technologies of communication of machines with each other and infrastructure.

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