Aisin, Toyota Tsusho, Minth Form Joint Venture for Aluminum EV Parts in Canada
Aisin, Toyota Tsusho, and Minth have agreed to establish a joint venture in Ontario, Canada, to produce aluminum body frame parts for electric vehicles.
- 40% each
- 20%
What Happened
AISIN Corporation, Toyota Tsusho Corporation, and Minth Group Limited have agreed to establish ATM Automotive Parts Inc., a joint venture in Windsor, Ontario, Canada. The venture will produce aluminum body frame parts, which are structural components for holding batteries in BEVs and PHEVs, using aluminum extrusion technology.
- 40%
- 20%
- 40%
AISIN and Minth have refined their aluminum forming technology in Asia and supplied products globally. With Toyota Tsusho joining management, the joint venture aims to achieve high-quality, efficient manufacturing in North America and build a competitive production system.
Why this matters
The joint venture aims to meet growing demand for lightweight aluminum parts for EV batteries in North America, strengthening the supply chain as electrification accelerates.
Terms in This Story
- aluminum body frame parts
- Structural components that securely hold and protect batteries in electric vehicles.
- BEV
- Battery Electric Vehicle, a vehicle powered solely by electricity stored in a battery.
- PHEV
- Plug-in Hybrid Electric Vehicle, a vehicle with both an electric battery and an internal combustion engine.
- joint venture
- A business arrangement where two or more parties agree to pool resources for a specific project or business.
Summarised from the linked release; details can be imperfect — always verify against the original source.