April 1, 2020
Toyota Motor and NTT signed a capital alliance on March 24, 2020. Both companies mutually invest 200 billion yen and hold shares. The two companies will work together in a smart city that connects the entire city with the Internet using cutting-edge technology.
Toyota and NTT will build “Smart City Platform” that offers value to all domains such as people, cars, companies and infrastructure, and will first implement it in the Higashi-Fuji area of Susono City, Shizuoka Prefecture called Woven City and Shinagawa area in Minato-ku, Tokyo and will expand its implement to other cities.