Toyota widens procurement for electric batteries with these new deals

The electrification of the auto industry is taking place at a neck breaking speed. Much of its success will depend on cost effective access to batteries which will power these electric vehicles. In a significant development, Japan’s Toyota Motor Corp has agreed to partner with China’s Contemporary Amperex Technology Co Ltd (CATL) to supply and…

5 Japanese automakers join SoftBank-Toyota’s self-driving car JV

The development is significant since it marks an acceleration in the banding of automakers in an industry which is placing growing emphasis on offering vehicle services rather than selling cars to individual drivers. On Friday, five Japanese automakers including Mazda Motor Corp and Suzuki Motor Corp, stated they would be investing 2% of their revenues…

Toyota Motor Corp to assemble Hillux trucks in Myanmar

Toyota’s move is aimed at tapping soaring demand for cars in Myanmar. On Thursday, Toyota Motor Corp stated it would open a manufacturing facility in Myanmar which will produce Hilux pick-up trucks from 2021. The automaker plans on assembling the trucks locally following soaring demand for cars in the emerging nation. The newly built plant…

Toyota establish green technologies research center with China’s Tsinghua University

The move is likely to help China in its goal to expand its tech capability, manufacturing and distribution channels and better compete in the world stage. Toyota Motor Corp stated, it is in the midst of setting up a research institute in Beijing in partnership with Tsinghua University. The partnership will study uses of car…

Honda Motor & truckmaker Hino Motors join SoftBank Group’s and Toyota Motor’s joint venture

The development underscores a growing trend of consolidation among communications, automakers and technology companies as they grapple with the massive investment and software expertise required to develop new services for which demand has yet to be tested. On Thursday, Japan’s Honda Motor Co and truckmaker Hino Motors Ltd stated they join a joint venture of…