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.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves premarket: Office Depot, Lyft, Wendy's, TripAdvisor, Toyota & moreThese are the stocks posting the largest moves before the bell. buy lyft. uber going to dump on all of you so the banks can make money.
Source: CNBC - 🏆 12. / 72 Read more »

New Wave Of Millennial Home Buyers Sets The Stage For Tighter Starter-Home MarketThe coming wave of home buyers faces a future starter-home market with now-familiar dynamics: relatively high demand and low supply.
Source: Forbes - 🏆 394. / 53 Read more »