Nexty Electronics and Daikin Industries Establish Joint Venture for HVAC Software Development in Thailand
Toyota Tsusho Group's NETH and Daikin Industries subsidiary DIT established a joint venture in Thailand on April 27, 2026, for HVAC embedded software development. The venture aims to integrate both companies' technologies to shorten development lead times and optimize efficiency.
📋 Article Processing Timeline
- 📰 Published: May 21, 2026 at 00:30
- 🔍 Collected: May 20, 2026 at 16:02
- 🤖 AI Analyzed: May 20, 2026 at 18:28 (2h 26m after Collected)
TOYOTA TSUSHO NEXTY ELECTRONICS (THAILAND) CO., LTD. (NETH), the Thai subsidiary of Toyota Tsusho Group's electronics trading firm Nexty Electronics, has established a joint venture, Daikin Toyota Tsusho Electronics (Thailand) Ltd., in collaboration with Daikin Industries (Thailand) Ltd. (DIT), a subsidiary of Daikin Industries.
The joint venture aims to streamline embedded software development for HVAC systems, focusing on reducing lead times, optimizing costs, and strengthening long-term development foundations.
■ Background and Objectives
As HVAC system development grows more complex, enhancing software development capabilities has become a vital management priority. NETH brings over 20 years of experience in automotive embedded software development, and its design and quality management expertise is highly compatible with DIT's HVAC technology. The two companies will combine their strengths to build a high-level development framework. Initially focusing on contract development for DIT, the company plans to expand its services to other Daikin Group development sites in the ASEAN region.
■ Joint Venture Overview
- Company Name: Daikin Toyota Tsusho Electronics (Thailand) Ltd.
- Location: 14th Floor, Mercury Tower, Bangkok 10330, Thailand
- Representative: Noritaka Morimoto (President)
- Capital: 40 million Thai Baht
- Ownership: DIT 51.0%, NETH 49.0%
- Established: April 27, 2026
The joint venture aims to streamline embedded software development for HVAC systems, focusing on reducing lead times, optimizing costs, and strengthening long-term development foundations.
■ Background and Objectives
As HVAC system development grows more complex, enhancing software development capabilities has become a vital management priority. NETH brings over 20 years of experience in automotive embedded software development, and its design and quality management expertise is highly compatible with DIT's HVAC technology. The two companies will combine their strengths to build a high-level development framework. Initially focusing on contract development for DIT, the company plans to expand its services to other Daikin Group development sites in the ASEAN region.
■ Joint Venture Overview
- Company Name: Daikin Toyota Tsusho Electronics (Thailand) Ltd.
- Location: 14th Floor, Mercury Tower, Bangkok 10330, Thailand
- Representative: Noritaka Morimoto (President)
- Capital: 40 million Thai Baht
- Ownership: DIT 51.0%, NETH 49.0%
- Established: April 27, 2026
FAQ
What is the goal of the new joint venture?
To improve efficiency and quality of HVAC software development.
Why apply automotive tech to HVAC?
To leverage high reliability and design expertise from automotive software.
What is the future outlook?
To expand development support to Daikin's ASEAN locations.