Toyota Separated Tesla For The Development Of Electric Cars

Toyota Separated Tesla For The Development Of Electric Cars

All Techno – Toyota Motor ultimately preferred to sell its stake in a US manufacturer, Tesla. With the sale is automatic poker online terpercaya as a form of cancellation of cooperation between the two in the development of electric vehicles.

The partnership had originally made Japanese manufacturers buy shares of the famous manufacturer of electric cars by as much as three percent for $ 50 million.

Toyota spokeswoman Ryo Sakai said the company had sold all of its shares in 2016. It was based on part of a periodic review, on its investment. Meanwhile, some shares have been sold first in 2014.

“Our development partnership with Tesla expired some time ago, and because there has been no new developments in that field, we decided it was time to sell the remaining shares,” Ryo said.

In November yesterday, or before selling the stock as a whole, Toyota has appointed a special president to lead the electric car division. The division was newly formed and a sign that its commitment to develop electric vehicle technology that had been passed slowly some time ago.

The division also consists of a new in-house unit to plan Toyota’s strategy on developing and marketing electric cars. It thus becomes the company’s effort to offset global emission tightening regulations.

‘I sensed the great potential of Tesla’s technology and was impressed by its dedication to monozukuri [Toyota’s approach to manufacturing],’ said Toyota president Akio Toyoda.

‘Through this partnership, by working together with a venture business such as Tesla, Toyota would like to learn from the challenging spirit, quick decision-making, and flexibility that Tesla has.

About decades ago, Toyota was also born as a venture business. By partnering with Tesla, my hope is that all Toyota employees will recall that venture business spirit, and take on the challenges of the future.’

Tesla founder Elon Musk said: ‘Toyota is a company founded on innovation, quality, and commitment to sustainable mobility. It is an honour and a powerful endorsement of our technology that Toyota would choose to invest in and partner with Tesla.

We look forward to learning and benefiting from Toyota’s legendary engineering, manufacturing, and production expertise.’