Two of the biggest names in the aftermarket car tech world joined forces this week as Kenwood and JVC (known as Victor Co in Japan) announced they had set up a joint company to develop technologies for car electronics and home audio equipment. The new entity, called J&K Technology Corporation, will make use of the combine intellectual property rights of each company and appears to have been set up with a view to reducing distribution and development costs and harnessing economies of scale.
According to a translation of the official press release on Kenwood's Web site, the two companies "plan to jointly develop a navigation engine that will require an unprecedented amount of development resources for navigation system devices." The document also suggested that the new company intends to develop a new in-car multimedia platform for audio and video.
Both JVC--which earlier this year announced its intention to exit the domestic Japanese car audio market--and Kenwood currently offer a range of in-car products, most of which are single-DIN CD receivers. In the past year, they have both expanded into navigation and in-car multimedia systems, with JVC'sand Kenwood's being their respective flagship products.