Toyota and NTT in tie-up for $1.8bn smart city project

Automaker to tap telecom provider's technology for connected cars

20200324 toyota ntt logo

Japan's biggest automaker and largest telecoms company already collaborate on developing technology for connected cars.

Nikkei staff writers

TOKYO -- Toyota Motor and Nippon Telegraph and Telephone have decided to sign a capital and business tie-up deal, Nikkei learned Tuesday.

The companies, which will spend a total of some 200 billion yen ($1.81 billion), will bring together their respective technologies for a project to build a smart city to start in 2021 on a former Toyota plant site in Shizuoka Prefecture.

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