Mexican Media Brands
Toyota, Panasonic Forming JV for “Connected” Homes, Cars
Toyota Motor Corp. and Panasonic Corp. plan to merge their town development businesses in January into a joint venture to develop connected services for homes and vehicles.
Share
Toyota Motor Corp. and Panasonic Corp. say they will merge their town development businesses in January into a joint venture that will develop connected services for homes and vehicles.
Called Prime Life Technologies Corp., the new company will apply Internet of Things technology to integrate household devices with advanced personal mobility services. the companies say that Mitsui & Co. may become an equity participant in the Tokyo-based venture.
The companies predict that new approaches to personal mobility, coupled with dramatically expanded connectivity, will redefine the attractiveness of cities in terms of service infrastructure rather than location.
Toyota President Akio Toyoda says his aim for the venture is to provide “a new kind of lifestyle” for “smart” cities that involves connected cars, public transportation and housing. Panasonic President Kazuhiro Tsuga says the partnership will “offer new value in everyday life.”
RELATED CONTENT
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
