Toyota Affiliates Plan Autonomous-Car Tech Venture

Four Toyota Motor Corp. suppliers are teaming up to form J-Quad Dynamics Inc., which will develop software and provide engineering services related to automated driving and vehicle motion control.

Denso Corp. will hold a controlling 65% stake in the Tokyo-based joint venture. Aisin Seiki will have a 25% share, while Advics and Jtekt each will hold 5%. Preliminary plans for the company were announced in August.

Pending regulatory approval, the new company is expected to be launched in April with a capitalization of 50 million yen ($460,000). The venture will employ 170 people, with Denso executive director Hajime Kumabe serving as president.

The partners say that pooling their expertise will help them develop next-generation software to integrate various sensors with braking and steering systems for autonomous driving. Toyota plans to introduce its first semi-autonomous vehicle system in its Lexus luxury brand by about 2020.