· Toyota and Suzuki have basically reached an agreement on comprehensive cooperation

According to Japanese media reports on the 4th, two major automakers, Toyota and Suzuki, have basically agreed on comprehensive cooperation in the fields of research and development and procurement of advanced technologies.
According to the "Nihon Keizai Shimbun" report, the two companies have officially started to explore the cooperation relationship since October 2016, and will continue to discuss capital cooperation including mutual shareholding in the future.
In November last year, Toyota disclosed plans to establish and improve the mass production system for pure electric vehicles by 2020, and officially entered the pure electric vehicle market. Pure electric technology is more suitable for small cars, and small cars are the strength of Suzuki. It is expected that Suzuki will join the project in the future. In addition, the two companies have extensive space for cooperation in emerging economies.

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