BMW And Toyota Invest In Self-Driving Shuttle Startup
Michigan, US: BMW i Ventures and Toyota AI Ventures, venture-capital arms of their respective auto making groups, are among the leading investors in the US$11.5-million “seed investment” funding round for a Michigan-based start-up—May Mobility—that is developing low-speed, self-driving electric shuttle systems.
5.5 Million Electric Vehicles By 2030: Toyota
Japan: Toyota Motor Corporation has stated plans to sell more than 5.5 million electric vehicles (EVs) from the Toyota and Lexus line by the year 2030, including one million zero-emission vehicles.
4 Other Automakers Join Toyota’s Electric Vehicle Project
Japan: Engineers from Suzuki, Subaru, Hino and Daihatsu have joined Toyota to develop basic technology for electric vehicles, in a project called EV CA Spirit.
The project is a joint venture launched by Toyota, Mazda Motor and Denso in September 2017. The companies have pledged to share their electric vehicle technology to facilitate the quicker development and application in various vehicle types.
Toyota Sold 10.35M Vehicles In 2017
Aichi Prefecture, Japan: Automaker Toyota Motor Corporation has announced it sold 10.35 million vehicles globally in 2017, an increase of two percent from 2016.
Toyota Quarterly Profits Improves On Strong Sales
Aichi, Japan: Toyota Motor Corporation has reported its financial results for its fiscal second quarter that ended in September this year, which saw a rise of 16 percent in profits as sales increased.
