Toyota to establish in-house venture company for electric cars
The company will be independent from other internal structural organizations and will be launched in December.Automaker Toyota recently announced that they are planning on establishing an in-house venture company that will solely be responsible for developing electric vehicles (EVs).The venture company will be a virtual organization, consisting of 4 people – one each from Toyota Industries Corporation, Aisin Seiki Co. Ltd, Denso Corporation and TMC.
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Toyota sharpens focus on electric cars through new in-house unit
View of a Toyota logo on a wheel at the Mondial de l'Automobile, Paris auto show, during media day in Paris, France, September 30, 2016.REUTERS/Jacky Naegelen/File PhotoTOKYO Toyota Motor Corp is setting up a new in-house unit to develop electric cars, offering its strongest endorsement yet of a technology it has not embraced wholly, as take up of a rival technology it pioneered remains slow.Japan's biggest automaker said on Thursday it will launch next month a unit that will start with four persons and be responsible for planning a strategy for developing and marketing electric cars to keep pace with tightening global emissions regulations.
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Toyota creates in-house electric car development group, puts 4 engineers on it
We were excited a few weeks ago when reports came out that Toyota was going to put together a team to develop long-range electric cars and bring them to market by 2020.Today, the Japanese automaker officially confirmed this effort, but not without throwing some cold water on it.The reports claimed that Toyota was building a team in-house in order to develop electric vehicles, which was new for an automaker so far mostly entrenched in fuel cell hydrogen when it comes to zero-emission vehicle development.
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