Conventional Twitter-wisdom has it that Toyota hates anything with batteries, and that zoom-zoom Mazda can’t kick its petroleum habit. Today, both of them joined forces to make electric cars.
Mazda, Toyota, and Toyota-Group parts maker Denso agreed to jointly develop basic structural technologies for electric vehicles. For that, they established a new company called EV C.A Spirit Corporation, domiciled on a high floor of Toyota’s Midland Square office tower across from the Nagoya train station. Toyota holds 90% of the company, while Mazda and Denso hold 5% each.
