Toyota to accelerate autonomous driving projects

TheStar Fri, Apr 30, 2021 10:10am - 3 years View Original


Woven Planet Holdings, a subsidiary of Toyota that is in charge of autonomous driving technology, has announced that it will acquire the self-driving division of Lyft Inc, a major United States online ridesharing company, for about US$550mil (RM2.26bil).

TOKYO: As the race to develop autonomous driving intensifies not only among automakers but also among tech giants, Toyota Motor Corp is trying to strengthen its competitiveness by acquiring businesses from rivals.

Woven Planet Holdings, a subsidiary of Toyota that is in charge of autonomous driving technology, has announced that it will acquire the self-driving division of Lyft Inc, a major United States online ridesharing company, for about US$550mil (RM2.26bil).

Woven will take in Lyft’s autonomous driving systems and driving data to improve the safety of the technology and accelerate its commercialisation.

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