ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Automobiles

Toyota chief personally invests $45m in self-driving smart city

Akio Toyoda plots automaker's next 'model change' into cutting-edge tech player

Toyota Motor President Akio Toyoda announces plans for the company's "Woven City," to be located at the base of Mount Fuji, at the 2020 CES.   © Reuters

NAGOYA -- Toyota Motor President Akio Toyoda has invested 5 billion yen ($45.3 million) of his own money into a group unit building a smart city dominated by self-driving vehicles. 

The investment in Woven Planet Holdings during the last fiscal year ended March was revealed in its annual securities report filed Thursday.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more