Toyota operating officer Masayoshi Shirayanagi and Panasonic senior managing executive Makoto Kitano
Japanese companies Toyota and Panasonic are teaming up to develop technology for connected homes and vehicles.
In January the two firms got together to build batteries for electric vehicles, and now they intend to offer services using the internet of things, such as on-demand ride sharing and home energy services.
The company, to be called Prime Life Technologies, will comprise Toyota and Panasonic’s housing units. Panasonic will transfer all shares in its housing businesses Panasonic Homes and Panasonic Construction Engineering to the new joint venture. Toyota will transfer all shares in Toyota Housing, as well as those in subsidiary Misawa Home. It is due to start operations in January next year.
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