Mazda and Toyota have a 5.1 percent stake in each other. What's the deal?

Toyota has a 5.1 percent stake in Mazda .

Mazda and Toyota have joint manufacturing plant in Huntsville , Alabama , where the Corolla Cross and CX-50 are produced.

Toyota already has a lot of expertise as well as the supply chain that makes its hybrid systems robust.

Toyota and the rest of the Japanese automotive industry play catch up with the EV transition.

The CX-50 Hybrid combines most of the sportiness and premium feel that Mazdas are known for, along with the efficiency and proven reliability of Toyota 's hybrid drivetrain.

The Skyactiv Vehicle Architecture has been built to be sporty yet refined, which is in line with Mazda 's premium philosophy these days .

Mazda is developing an in-house hybrid system that will make its first appearance in the next-generation.

In China , they've leveraged their joint venture partnership with Changan for the EZ-6 electric and range extender sedan.

Phase 2 is set to begin in 2025 , and that's when another EV from Changan and the next-generation CX-5 with an in-house Mazda hybrid system will be released.

Phase 3 plans of further broadening its global EV portfolio.