Officially announces capital alliance with Toyota and promotes Smart City
Toyota and NTT officially announced on April 24 that they have entered into a capital alliance to invest approximately 200 billion yen in each other
The aim is to promote the concept of a “smart city,” a state-of-the-art urban development that is being actively developed worldwide by strengthening the unusual relationship between companies representing Japan in the automotive and telecommunications industries.
According to the announcement, Toyota and NTT signed a capital alliance on the 24th
The two companies will invest approximately 200 billion yen next month, and Toyota will acquire approximately 2% of NTT's shares and NTT will acquire approximately 1% of Toyota's shares.
On top of that, we will strengthen our business relationships and combine the technologies of next-generation vehicles such as Toyota's autonomous driving with NTT's advanced telecommunications infrastructure technologies, leading to the development of cutting-edge towns that are becoming active worldwide. To promote the concept of “smart city”
The two companies will work together to create a foundation that supports living, business, and people's mobility in a smart city, and Toyota will incorporate it into future-type cities that will start construction next year in Susono City, Shizuoka Prefecture.
The company will expand the technologies and know-how it has cultivated to other cities worldwide.
In the automotive industry, competition for advanced technologies called CASE such as autonomous driving and electrification is intensifying, and in the telecommunications industry, competition for communication services capable of instantly exchanging large amounts of information is intensifying worldwide. Are all important technologies for promoting smart cities.
Japan's leading companies will strive to strengthen their unusual relationships beyond the industry, and want to take the lead in cutting-edge city planning with a view to utilizing the next generation of 5G communication standards.
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