Toyota, NTT business alliance targets smart cities: Page 2 of 2

March 25, 2020 //By Christoph Hammerschmidt
Toyota, NTT business alliance targets smart cities
Japanese carmaker Toyota Motor Corp. and telecommunications provider NTT form a joint business and capital alliance. The companies intend to use the alliance to promote and accelerate the development of intelligent, self-developing cities.

With the new "Smart City Platform", Toyota and NTT want to provide the basis for intelligent cities in the future. In doing so, they have their sights set not only on developments in Japan, but worldwide. The alliance is designed to bring together numerous different technical systems and organize the management and provision of relevant data. The project is not limited to technical aspects such as traffic flow optimization, pollution reduction or energy flow control, but is also explicitly intended to open up new social and political perspectives - for example, the data and technologies are also to be used to promote urban development.

Subject to the approval of the relevant authorities, Toyota will acquire 80,775,400 NTT shares as part of the newly formed business and capital alliance, which represents 2.07 percent of the company's total issued shares and a value of 200 billion yen. In return, NTT will acquire 29,730,900 Toyota shares, which is equivalent to approximately 0.9 percent of all issued shares of the Japanese mobility group at the same value.

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