EV laggards position for aggressive shift in strategy

Electric vehicle (EV) laggards Toyota and Mazda are pushing ahead with plans to address the notable gap in their offerings. In early August, the two partners outlined a vague commitment to EV development as part of a wider collaboration. New details have emerged as they sign a contract to jointly develop 'basic structural technologies' for EVs. Denso is being brought in as a third player in a new joint venture company, which will draw engineers from all three partners.