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Toyota to receive $853 million subsidy to expand local battery production

Teslarati

Toyota Motor Company is expected to receive an $853 million subsidy from Japan’s industry ministry to expand its electric vehicle (EV) battery production. Toyota has ambitious EV battery production plans for the future. Toyota plans to produce low-cost battery cells with 621 miles of cruising range before 2030.

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Vision-oriented AI company Recogni raises $25M; investors include Toyota AI Ventures, BMW i Ventures, Faurecia

Green Car Congress

the designers of a vision-oriented artificial intelligence platform for autonomous vehicles, announced $25 million in Series A financing led by GreatPoint Ventures with participation from Toyota AI Ventures, BMW i Ventures, Faurecia, Fluxunit (VC arm of lighting and photonics company OSRAM), and DNS Capital. Recogni Inc. ,

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Toyota will introduce FT-Bh hybrid city car concept in Geneva

Green Car Congress

Toyota will stage the world debut of the FT-Bh concept, an ultra-lightweight, full hybrid city car study, designed to achieve low emissions within an economically viable production framework, at the Geneva Motor Show.

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Toyota unveils Driver Awareness Research Vehicle

Green Car Congress

Toyota used the Los Angeles Auto Show as the forum at which to unveil a Driver Awareness Research Vehicle (DAR-V). Utilizing Microsoft technologies such as Kinect, the interactive systems integrated into the design of the vehicle display important, highly personalized information on the side window when the driver approaches the car.

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Hyundai surpassed Volkswagen Group’s operating profit

Teslarati

Toyota Group remains the global auto industry leader, with an operating profit of $7.15 The Group’s Kia EV9 electric vehicle has won multiple awards for its design and technology. As a result, the Group decided to produce hybrids at its upcoming Metaplant in Georgia, originally designed for exclusive EV production.

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Auto Industry Backs Additional Funding for Research into Impacts of Mid-Level Ethanol Blends

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The auto industry in principle is not opposed to the introduction of such mid-level blends (i.e., The US Environmental Protection Agency (EPA) is current considering a request to allow more than the current limit of 10% ethanol in gasoline to increase overall ethanol consumption in the US fuel pool. Earlier post.) Earlier post.).

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Toyota and Lexus roll-out low-cost automated braking safety packages on RAV4 Hybrid and RX crossover

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At separate press conferences Wednesday and Thursday at the New York Auto Show, Toyota will reveal the RAV4 Hybrid SUV, while Lexus unveils its all-new fourth-generation RX luxury crossover SUV. —Jim Lentz, President and CEO Toyota Motor North America. Toyota Safety Sense.

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