The investment is part of Toyota’s “Smart Mobility Plan,” which is designed to develop and deploy technologies that will “enhance safety and convenience for customers, improve the efficiency of transportation, and reduce environmental impacts.”
The company said the $37 billion will be used to develop and deploy advanced driver assistance systems (ADAS), autonomous driving systems (ADS), and connected car technologies. The investment will also be used to develop new business models and products for the future of mobility.
The investment will also be used to create a “global network” of research and development centers, as well as partnerships with other companies.
Toyota said the investment is part of its long-term commitment to developing safe, convenient, and sustainable mobility solutions. The company said it will continue to invest in research and development to further the development of autonomous vehicle technology.
The company has already made a number of investments in the field, including a $1 billion investment in Uber in 2016, and a $2.8 billion investment in the self-driving car startup, Waymo, in 2018.
Toyota is not the only carmaker investing in autonomous vehicle technology. Other major carmakers, such as Volkswagen, BMW, and Ford, have all announced plans to invest heavily in the field.
The investment in autonomous vehicle technology is part of a larger trend in the auto industry. Automakers are increasingly investing in technology to make their cars smarter and more connected.
Toyota’s investment in autonomous vehicle technology is a sign of the company’s commitment to the future of mobility. The company said it hopes that the investment will help to make transportation safer, more efficient, and more sustainable.
