companies in the conglomerate are set to form joint ventures that will see them develop solutions for separate components of self-driving technologies.
On Monday, four companies from the Toyota Motor Corp stated they would form a joint venture to develop software that manages components for self-driving technology including brakes, steering and others.
In a joint statement, Jtekt Corp, Advics, Denso Corp and Aisin Seiki Co stated, they would launch the joint venture in March 2019 where Denso will have a 65% stake – the biggest of the four.
Further, Denso and Aisin said they would setup another joint venture with both holding 50% stake. This joint venture will sell electrification driving modules for a wide range of vehicles including hybrids, fuel cell vehicles, plug-in hybrids, and electric vehicles. Their main market will be China.