(Reuters) - Toyota Motor Corp will have access to 10 years of innovation technology from Honda Motor Co under a strategic alliance, the companies said on Monday.
Toyota vehicles are parked at the Proving Ground for Infotainment Technology at Toyota's Research Center in Ann Arbor, Michigan, U.S., September 25, 2017. REUTERS/Rebecca Cook
Honda and Toyota will integrate their respective autonomous and other vehicles research programmes, develop new EV technologies and accelerate their non-automotive start-up initiative, as part of the agreement.
Honda’s Tamuka Research Laboratories will develop road-level vehicle autonomy with Toyota Motor Research Laboratories (TMRL), while the U.S. automaker will share its suite of in-car technologies with its Japanese peer.
The auto industry is betting big on self-driving technology with automakers developing cars that can drive themselves at higher speeds and lower cost.
“The strategic alliance will enable the companies to step up their robotic driving, EV (electric vehicle) and advanced-automotive development efforts and further deepen their partnership,” Honda said in a statement.
Toyota will also use Honda’s hydrogen fuel cell technology.
The cooperation between the companies is scheduled to go into effect from April 2020.