Toyota Motor Corp. said it will collaborate with Blue Nexus Corp. to prepare for accelerated adoption of electrified vehicles (EV) by increasing products related to electrification such as sales structure, technical support and services.
Blue Nexus has engaged in development and sales of electric drive modules for EVs and in-control calibration services for such modules. Toyota has been manufacturing complete EVs as well as selling its entire vehicle powertrain systems such as the Toyota Hybrid System to other companies.
Toyota will contribute its control calibration technologies for engines, batteries and other peripheral components and Blue Nexus will provide its electric drive modules as the adoption of EV becomes wider spread.
Toyota said it will take a 10% stake in Blue Nexus and both companies will establish a sales structure to mutually apply their core competencies. The companies said this will help to contribute to the adoption of EVs as consumers switch to vehicles to achieve a more sustainable future.