Toyota and Suzuki Charging Up for Major Partnership in the EV Market
This may be a partnership that won't need any recharging either
Make no mistake: the EV market is growing. Everyone loves an electric vehicle these days although it does look a little odd "plugging" it in at a station versus "filling it up." But it's clear if one of the biggest auto brands around pairing with a king of motorcycles to push the EV innovation to a head -- electric vehicle technology is arriving with a vengeance, and of course that's no surprise given other stories such as that one about Germany.
Toyota and Suzuki, Yes Indeed, Will Be Producing Electric Vehicles for Each Other
If that doesn't hit home with you, keep in mind that Japan's number one automaker in 2017 was -- yes, you guessed it -- Toyota. Now Suzuki isn't too shabby as the number four automaker in Japan, but without a doubt the smaller company in Suzuki makes a bangin' Indian -- pair the two together, and that's one heck of a winning combo especially when developing affordable compact electric vehicles that'll practically drive themselves.
The partnership will work with Suzuki sourcing gasoline hybrid systems, pioneering such brands as the Prius and more. Expect two specific compact models: the Ciaz and Ertiga, with the Toyota name brand on them. The reach Suzuki has will grow Toyota's brand, too, in India, which is the world's fifth-largest passenger car market. Thanks to Toyota's R&D capability, you can expect everything from self-driving automotive technology to lower emissions.
Think of hybrid innovation from Suzuki + Toyota engines and batteries, and it's basically the perfect storm -- only this storm will help people rather than kill 'em. As EV continues to sweep the automotive world, Toyota will work on the RAV4 SUV crossover and Corolla wagon for Suzuki. So you see the mutual benefit there.
The Big Takeaway Here Is This: More Opportunity
More countries will get more options in vehicles that are cost effective, operationally efficient, and innovative both in style and function. Do we have any problems with that at all? Heck, no. What about you? How do you feel about EV or self-driving? SIGN UP FOR A FREE VIGYAA ACCOUNT and be sure to also CHECK OUT THE DATA DRIVEN INVESTOR FOR MORE INSIGHTS!