Toyota has invested US $ 500 million on Uber and evaluates the wagon giant as 72 billion dollars That Wall Street newspaper. As part of this alliance, the two companies will jointly develop autonomous vehicles. This is a slightly higher estimate than last December when Japan 's SOFTBANK acquired 20% of the share of the shipping activity.
This news is brought about by Uber's reduction of autonomous car projects in Tempe, Arizona following the fatal accident last March. Uber car riding a bicycle killed a 49 – year – old woman and crossed the road. Uber and Toyota spokesperson did not immediately answer the comment request.
This is not the first time Toyota invested in Uber. of 2022, Japanese automakers announced that Uber's drivers have a "strategic partnership" with San Francisco companies that can borrow cars from Toyota and pay for profits over Uber pilot. Investment of unpublished amount was also included in this transaction.
Toyota, the world's largest automaker, takes seriously the technology of autonomous driving. He recently founded the Toyota Research Institute to develop AI technology in two areas: autonomous cars and home help robots. Earlier this year, the builder announced to build a huge 60-acre facility in Michigan and test the "lining" driving scenario with that vehicle …
I hope you like the above news
Toyota, Uber Invest 500 million dollars for Autonomous Vehicle Research
. Stay Tuned For More Updates :)