Aisin and Denso to develop driving modules for electric vehicles

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Aisin Seiki (Aisin) and Denso Corporation (Denso) announced they have formally agreed to form a new company to develop and 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.