Aisin and Denso to form joint venture for electrification driving modules

Aisin Seiki and Denso reached a basic agreement to establish a 50-50 joint venture to develop and sell electrification driving modules for hybrids, plug-in hybrids, fuel cell vehicles, and electric vehicles. The new company is planned to launch in March 2019.

“Aisin Seiki Co., Ltd (AISIN) and DENSO Corporation (DENSO) today announced that they have reached a basic agreement to establish a new joint venture company to develop and sell electrification driving modules”aisin.com

• 2 sources
• aisin.comAISIN and DENSO Reach Basic Agreement to Establish a Joint Venture to Develop Electrification Driving Modules | AISIN CORPORATION Global WebsiteAug 27, 2018
• roboticsandautomationnews.comAisin and Denso agree joint venture on electrification driving modulesAnnaSep 6, 2018

Summarized from public sources; check the original articles before acting on it.