Toyota, Panasonic to set up company for 'connected' homes

FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy/File Photo

The tie-up deepens the partnership between the companies, which in January announced a joint venture to build electric-vehicle batteries, pooling the R&D and manufacturing strengths of one of the world’s largest automakers and battery makers to compete in the fast-growing EV market. “We will put our respective strengths together to offer new value in everyday life,” Panasonic President Kazuhiro Tsuga said in a joint statement on Thursday.

Toyota has been developing connected cars that can share information on usage - data that could be leveraged for on-demand ride-sharing, insurance and maintenance.

My Toyota can’t even reliably connect to my iPhone sitting on the passenger seat, this should be interesting.

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