Toyota Motor Corporation (TMC) announced they have come up with a plan of establishing an in-house venture company that will be responsible for electric vehicle (EV) developments.
It said that the venture company will be a virtual organization and is laid to launch in December this year. This virtual company, according to Toyota, will include 4 people, each from Toyota Industries Corporation, Aisin Seiki Co., Ltd., Denso Corporation, and TMC.
On further note, this venture company is said to draw the technological resources and knowledge of the Toyota Group. The plan is to make quicker market production, project progress, and work process.
Evident in TMC's view of producing the "ultimate eco-car", which in the past years, is seen by its special focus on developing fuel cell vehicles, hybrid, plug-in, and EV.
However, the unstable global energy-infrastructure issues and tightened regulations regarding the use of zero-emission cars have demanded for more flexible vehicle lineups. Thus, TMC came with a structure enabling it to pre-commercialize EVs.
Latest News
-
The Maserati Levante Hybrid makes its world premiere / News
Still delivering that exhilarating performance in a more fuel-efficient package.
-
Suzuki Jimny 5-door dimensions leaked online / News
The leaked dimensions reveal that the SUV will still retain the same width and height measurements, however, its length has been increased by 300 mm.
-
MG needs your help to bring the Cyberster EV Roadster to life / News
MG is putting the future of its Cyberster roadster into your hands.
Popular Articles
-
Cheapest cars under P700,000 in the Philippines
May 20, 2020
-
Top 10 pickup trucks in the Philippines
Bryan Aaron Rivera · Mar 12, 2021
-
Car Maintenance checklist and guide – here’s everything you need to know
Earl Lee · Jan 12, 2021
-
Most fuel efficient family cars in the Philippines
Bryan Aaron Rivera · Nov 27, 2020
-
2021 Geely Okavango — Everything you need to know
Joey Deriquito · Nov 19, 2020
-
Family cars in the Philippines with the biggest trunks
Nov 14, 2018
-
Head to Head: Toyota Fortuner vs. Nissan Terra
Bryan Aaron Rivera · Dec 03, 2020
-
Why oil changes are important for your car
Earl Lee · Nov 10, 2020
-
2021 Kia Stonic — What you need to know about it
Joey Deriquito · Oct 16, 2020
-
Top 7 tips for buying a used car in the Philippines
Joey Deriquito · Nov 26, 2020