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It will come as a further shock once it is known that the same Toyota is gearing up to become a leading systems provider in the EV space, aiming to provide automakers the world over with everything EV, from batteries all the way to cloud computing. Unnoticed by most of the media, Toyota Group company Tsusho a month ago bought an unspecified stake in Fukuta , a Taiwanese manufacturer of motors for electric vehicles.
It also turns out that Toyota Tsusho, the trading arm of the Toyota group, has already been responsible for sales and marketing activities for Fukuta products since If Fukuta rings a bell — the company has been at the heart of a drawn-out controversy between Tesla-believers and detractors. A few years ago, there were press reports in Taiwan that Fukuta was in fact the supplier of those motors, or at least essential parts thereof.
One of the hurdles slowing down widespread adaption of electric vehicles is a relative lack of scale, translating into high prices, translating into a further lack of scale.
By making its components available to other automakers, Toyota plans to scale-up faster. The company is bringing its own considerable scale and experience to the party. Two years ago, Toyota celebrated 20 years of the hybrid Prius, along with global cumulative sales of more than 10 million hybrids. By Bertel Schmitt May 2, Courtesy: Fukuta. Through a joint-venture with Panasonic, Toyota will sell batteries and inverters.
Toyota continues to invest heavily into ride-hail services like Uber, or Grab, and it provides new entries with a ready-made cloud platform for such services. Toyota pushes an industry-wide open source operating system called Automotive Grade Linux. On the day the small group of reporters met in Tokyo, Volkswagen announced in Germany that it had joined the consortium.
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Toyota Gears Up To Become Global EV Systems Supplier