business

Toyota selling part of Denso stake to raise cash to develop electric vehicles

6 Comments
By YURI KAGEYAMA

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

©2024 GPlusMedia Inc.

6 Comments
Login to comment

too late, the market is already taken in China and US.

Toyota should stick with hybrid car technology that is the best for any situation and any climate.

-5 ( +1 / -6 )

Agreed it does sound like it's quite late to be entering the Electric Car Market from scratch, though I guess they're not stupid, and wouldn't be doing such a thing, unless they thought that they could make more money out of doing so, than by keeping their stake in the Component maker - Denso.

0 ( +1 / -1 )

Selling their stake in Japan's largest automotive electronic component maker to help fund research into automotive electrification seems a bit counterproductive.

0 ( +0 / -0 )

This reminds me of how Japan's consumer electronics industry lost its dominance as it was too focused on hardware whereas in the west or the US, the emphasis was more on code or software. With EV's being a computer and a battery with four wheels, I'm wondering if the Japanese auto industry is next? Keep in mind EV's use 1/3 the number of parts compared to IC. Japan's auto OEMs are in my opinion more like auto part companies rather than just auto companies.

-2 ( +0 / -2 )

YankeeX

With EV's being a computer and a battery with four wheels, I'm wondering if the Japanese auto industry is next?

Considering that Toyota made a huge breakthrough in battery technology recently, and the fact they are already very very good at the "four wheels" part, they'll probably do okay.

Also, while the SW is obviously extremely important, the HW is still very important, as well. Besides the aforementioned battery technology, motor technology is also a key component of reduced power consumption, and longer range.

0 ( +0 / -0 )

18 million EVs on Chinese roads. More charging stations than gas stands. 50% of power from renewables.

-1 ( +0 / -1 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites