Aisin Seiki Co., Ltd and Denso Corporation today announced that they have reached a basic agreement to establish a new joint venture company to develop and sell electrification driving modules. The company will be capitalised with the participation ratio of Aisin 50% and Denso 50%.
The automotive industry is in an era of profound transformation, particularly in technologies for electrification, automated driving and connected driving. Electrification is one of the key disrupters impacting the automotive industry.
Details are still being discussed and the plan is for the new company to launch in March 2019.