Aisin Seiki Co., Ltd. and DENSO Corporation have agreed to form a new company to develop and to sell driving modules used for electric vehicles.
The new company is named BluE Nexus and will be established in April 2019. In August 2018, AISIN and DENSO first announced their basic agreement to establish a joint venture. (Earlier post.)
AISIN and DENSO will combine their strengths in electrification to develop a wide range of driving modules and sell them to automakers in Japan and throughout the world. BluE Nexus will calibrate them for the diverse needs automakers have for hybrid vehicles (HVs), plug-in hybrid vehicles (PHVs), and electric vehicles( EVs).
The final establishment of this new company requires the approval of antitrust authorities.