Toyota to Supply Mazda with Key THS Components
Mazda Motor Corp. will introduce a midsize hybrid vehicle by 2013 based on core components supplied by Toyota Motor Corp (7203.T), the Nikkei business daily reported.
The two automakers reached an agreement under which Toyota will supply the Toyota Hybrid System II (THS II), comprising a high-capacity battery, an electric motor, a generator and a power control unit, the Nikkei said.
The deal will enable Mazda to tap the growing demand for hybrids sooner than otherwise possible. For Toyota, the arrangement will help lower related production costs through economies of scale, the Nikkei added.
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