Joint Development Agreement between Teijin and AEV Robotics

Teijin Limited has signed a joint development agreement with an Australian venture AEV Robotics (AEV). Teijin and AEV will use the first two years of this initiative to develop elemental technologies for the envisioned vehicle. Teijin presented AEV's Modular Vehicle System at the Automotive Engineering Exposition 2019 Nagoya, which took place from July 17 to 19. The agreement is to create lightweight components and solutions for next generation transportation to realize new forms for transportations in aging society. The components will use Teijin's advanced materials such as polycarbonate resin, carbon and aramid fibers, and composites technologies owned by Teijin and its group companies including Continental Structural Plastics for innovative structural design. Teijin will additionally apply expertise it has developed in supporting the Kogakuin University Solar Team's participation in the world's biggest solar car race. Through this co-development project, Teijin expects to continue striving to be a company that supports the society of the future, particularly by offering new solutions for automotive applications based on advanced materials and structural design required for next-generation EVs. For identifying Growth Opportunities in the Global Aramid Fiber Market, please visit http://www.lucintel.com/aramid-fiber-market-2016-2021.aspx