TOKYO: Japan's Toyota Motor Corp and Panasonic Corp said they plan to establish a joint company to develop"connected" services to be used in homes and urban development.
"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.The automaker has said it will tap into its partner network and its operations which range from building and selling cars, homes and companion robots to expand into new transportation and home energy services.