Toyota Motor Corporation to establish in-house EV venture

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Due to be launched in December, the new initiative will consist of four people – one each from Toyota Industries Corporation, Aisin Seiki, Denso Corporation and TMC.

It will draw on the technological know-how and resources of the Toyota group to develop next-generation EVs. The small structure is designed to enable implementation of unconventional work processes, leading to accelerated project progress and thus, fast-to-market products.

TMC president Akio Toyoda, said, “As a venture company that will specialize in its field and embrace speed in its approach to work, it is my hope that it will serve as a pulling force for innovation in the work practices of Toyota and the Toyota Group.”

November 17, 2016

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John joined UKi Media & Events in 2012 and has worked across a range of B2B titles within the company's automotive, marine and entertainment divisions. Currently editor of Automotive Testing Technology International, Crash Test Technology International and Electric & Hybrid Marine Technology International, John co-ordinates the day-the-day operations of each magazine, from commissioning and writing to editing and signing-off, as well managing web content. Aside from the magazines, John also serves as co-chairman of the annual Electric & Hybrid Marine Awards and can be found sniffing out stories throughout the halls of several of UKI's industry-leading expo events.

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