Japan's Toyota and SoftBank to form joint venture for new mobility services

Japan's Toyota and SoftBank to form joint venture for new mobility services

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/10/04/softbank-and-toyota-announce-partnership.html

Japanese automaker Toyota and tech giant SoftBank announced Thursday that they are forming a joint venture by April 2019 that will use data to optimize supply and demand in the transportation space.

The company, called Monet Technologies, will coordinate between Toyota's information infrastructure for connected vehicles and SoftBank's so-called Internet of Things platform that collects and analyses data from smartphones and sensors, the Japanese corporations said in a joint statement.