News Formal

Toyota sees new business opportunity in leveraging hybrid tech

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Toyota is seeking more business opportunities as it expands on its hybrid tech cars.

TOKYO: The head of Toyota Motor electric vehicle business told Reuters the automaker has received enquiries from more than 50 companies since announcing last week that it would offer free access to patents for EV motors and power control units.

Toyota last week outlined plans to offer automakers and auto suppliers royalty-free access to nearly 24,000 electrified vehicle technologies patented by the Japanese auto giant. Already, Terashi said, Toyota believes it could reach the 5.5 million target as early as 2025. The company is working on plans for a new round of capital spending to expand capacity for producing the hardware required.

Toyota’s new business foray underlines the challenges facing even the largest global automakers as they confront some of the most profound technological changes for automobiles in a century.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

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

Johor Opposition leader has no business dictating terms on new MB, says Ramkarpal | Malay MailJOHOR BARU, April 11 — DAP’s Ramkarpal Singh has slammed Johor Opposition leader Hasni Mohammad for his intention to propose Tan Sri Muhyiddin Yassin as the new mentri besar, failing which, he will request that the Johor Sultan dissolve the state assembly. The Bukit Gelugor MP described... The next thing Umno will demand is to remove Dr Mahathir and replaced with Najib. Busybody ! So much to say now and not helping the situation. Quiet as a mouse during previous govt.
Source: malaymail - 🏆 1. / 86 Read more »

New business model to boost Felda productivity | The Malaysian InsightLands will be managed more productively at less cost, says economics affairs minister.
Source: msianinsight - 🏆 8. / 63 Read more »

New business model among proposals in Felda white paper: AzminSEREMBAN: The tabling of a White Paper on the Federal Land Development Authority (Felda) in Parliament on Wednesday will, among others, propose a new ...
Source: theSundaily - 🏆 25. / 51 Read more »