Here are more details about the CJP and the goals of the collaboration.
Why have Japanese automakers joined in a partnership?
Toyota President Akio Toyoda said that "with Suzuki and Daihatsu joining the project and working together, we’ll be able to expand our circle of cooperation to not only cover commercial vehicles but also mini vehicles."
Toyota believes that this expansion will help Japan "take one step closer to a better mobility society."
How will this help the brands gain an edge in the EV market?
Daihatsu’s president Soichiro Okudaira said that being part of the pact and introducing connected, mini-commercial vehicles would allow data-sharing. This is a competitive advantage that allows the companies to provide better services to customers and improve logistics efficiency.
As the EV market ramps up, automakers will need to set their vehicles apart from the competition in order to succeed. For now, collaborating on EV technology will help the Japanese automakers in the CJP accelerate their manufacturing process.
Goals of the collaboration
Mini vehicles, which Suzuki and Daihatsu excel in, account for 31 million out of 78 million vehicles owned in Japan. They are essential for people who live in rural communities. Mini-commercial vehicles also cover areas that are hard to reach and support last-mile logistics.
The auto industry’s mission includes "improving people’s lives" and "leaving a better Japan and a better planet for the next generation." The CJP collaboration hopes to help fulfill this. The press release says that the CJP intends to consider coordination with other like-minded partners.