Toyota, Panasonic to set up company for ‘connected’ homes

TOKYO (Reuters) – 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.

The tie-up deepens the partnership between the companies, which in January announced a joint venture to build electric-vehicle (EV) 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.

Source:
https://www.reuters.com/article/us-toyota-panasonic/toyota-panasonic-to-set-up-company-for-connected-homes-idUSKCN1SE2XJ?fbclid=IwAR1mQ1e70wV4lNYmwazG4QHv9__jUl02sgX2CXb1LREzsRXMKK-qSRgrRBw

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