Woven by Toyota to Accelerate Toyota's Vision for Mobility
Woven by Toyota, Inc. (“Woven by Toyota” or “the Company”), a mobility technology subsidiary of Toyota Motor Corporation (“Toyota”), will play a key role in Toyota’s next generation products and technology as announced by Koji Sato, President and CEO of Toyota, at a recent press event held in Tokyo on April 7, 2023. Toyota’s vision for a mobility society and the “Toyota Mobility Concept” focuses on extending the value of the car, expanding mobility into new realms and integrating mobility with social systems. In line with this framework, the Company will help Toyota to develop next-generation cars, including advanced BEVs, and to realize a mobility society in which everyone can move freely, happily and comfortably.
“This is a pivotal moment for the industry when software can accelerate our progress toward an advanced mobility society,” said James Kuffner, CEO and Representative Director of Woven by Toyota. “Woven by Toyota plays a critical role and our unique software platform will enable Toyota not only to build next generation BEVs, but also, expand the value of mobility across every aspect of our lives.”
The Arene Software Platform
Woven by Toyota’s role is to accelerate Toyota Mobility Concept by developing software to expand vehicle intelligence and by building and operating Woven City – a test course for mobility that will serve as a living laboratory for trialing ways of connecting people, cars and society.
At the heart of this is Arene, a comprehensive software platform and vehicle operating system that enhances car intelligence and improves both the development and application of mobility software. Arene is targeted for deployment on vehicles beginning in 2025 followed by Toyota’s next generation of BEV in 2026. Arene builds on Toyota’s history of hardware excellence to apply the principles of the Toyota Production System to automotive software development, targeting similar gains in quality, reliability and performance. Arene also enables greater software reusability across models and automates key aspects of the development pipeline for greater efficiency. When paired with Toyota’s hardware platforms, Arene will help enable Toyota to speed up the development of new vehicles, drive down costs and deliver both improved safety and personalized experiences to customers around the world.
Beyond Arene, Woven by Toyota is also driving software innovation across a range of important areas, including leading Toyota’s development of automated driving technologies. This includes next generation Automated Driving and Advanced Driver Assistance Systems, as well as the underlying geospatial intelligence technology that enables safe and reliable decision-making by vehicle systems.
Test Course for a Future Mobility Society
Looking to the future, nothing captures the scale of the efforts of Toyota and Woven by Toyota better than Woven City, a test course for mobility. Woven City’s unique partnership and collaboration brings together Toyota group developers, partner corporations, startups, entrepreneurs and residents of all ages to develop new ideas and inventions that can benefit people in their everyday lives and improve well-being for all. The Phase 1 construction of Woven City will be completed in the summer of 2024, after which Toyota and the Company will prepare for the start of initial trials in 2025.
As Toyota announced on February 13, 2023, Kenta Kon continues to serve as Chief Financial Officer of Woven by Toyota and as a Representative Director on the Board of Directors alongside Company CEO and Representative Director James Kuffner. Takanori Azuma and Julie Hamp joined as Directors on the Board, and Koji Kobayashi joined as Audit and Supervisory Board Member on April 1, 2023. These strong leaders have deep knowledge of Toyota and will be strategic partners advising the Company as it delivers value to Toyota Mobility Concept.
ABOUT WOVEN BY TOYOTA
Woven by Toyota is the mobility technology subsidiary of Toyota Motor Corporation. Our mission is to deliver safe, intelligent, human-centered mobility for all. Through our Arene mobility software platform, safety-first automated driving technology and Toyota Woven City — our test course for advanced mobility — we’re bringing greater freedom, safety and happiness to people and society.
You can learn more about our work at woven.toyota.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230410005294/en/
Woven by Toyota, Inc.
Communications and Marketing
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
ReNew Announces Results for the Fourth Quarter (Q4 FY23) and Fiscal 2023, both ended March 31, 20237.6.2023 00:00:00 EEST | Press release
ReNew Energy Global Plc (“ReNew” or “the Company”) (Nasdaq: RNW, RNWWW), a leading decarbonization solutions company, today announced its consolidated IFRS results for Q4 FY23 and the fiscal year ended March 31, 2023. Operating Highlights: As of March 31, 2023, the Company’s portfolio consisted of 13.7 GWs, a 28.2% increase year on year, of which ~ 8.0 GWs are commissioned and 5.7 GWs are committed. 101 MW of Purchase Power Agreements (“PPAs”) were signed in the fourth fiscal quarter of 2023 and only ~1% of our total portfolio have Letters of Award that await a PPA. Total Income (or total revenue) for Q4 FY23 was INR 25,916 million (US$ 315 million), an increase of 47.1% over Q4 FY22. Adjusted EBITDA(2) for Q4 FY23 was INR 12,010 million (US$ 146 million), as against INR 12,787 million (US$ 156 million) in Q4 FY22. Net profit for Q4 FY23 was INR 74 million (US$ 1 million) compared to a net loss of INR 3,554 million (US$ 43 million) for Q4 FY22. Cash Flow to equity(2)(“CFe”) for Q4 was
Kenvue to Announce Second Quarter 2023 Results on July 20, 20236.6.2023 23:30:00 EEST | Press release
Kenvue Inc. (NYSE: KVUE) (“Kenvue”), the world’s largest pure-play consumer health company by revenue, today announced that its financial results for the second quarter ending July 2, 2023, will be released before market open on July 20, 2023. The company will host a conference call and webcast at 7:30 a.m. Eastern Time to report its second quarter results. The conference call can be accessed by dialing 877-407-8835 from the U.S. or 201-689-8779 from international locations. A live webcast of the conference call will be available at https://investors.kenvue.com. A replay will be available approximately two hours after the live event. About Kenvue Kenvue is the world’s largest pure-play consumer health company by revenue. Built on more than a century of heritage and propelled forward by science, our iconic brands—including AVEENO®, BAND-AID® Brand Adhesive Bandages, JOHNSON’S®, LISTERINE®, NEUTROGENA®, TYLENOL® and ZYRTEC® — are recommended by health care professionals and can be truste
Bentley Systems Announces Allen Li has Joined as General Manager, China6.6.2023 23:01:00 EEST | Press release
Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that Allen Li has been appointed to the new role of General Manager, China, reporting to Chief Revenue Officer Brock Ballard. Allen Li has had a long executive career at enterprise software leader SAP, including as Chief Operating Officer, China. He earned a bachelor’s degree in Engineering and a master’s in Technology Management at Harbin Institute of Technology, and then an Executive MBA from University of Mannheim Business School. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230606006011/en/ Allen Li has been appointed to the new role of General Manager, China. Image courtesy of Bentley Systems. While Bentley’s infrastructure engineering offerings have become well established in major design institutes and owner organizations, the company is also pursuing substantial growth opportunities as a platform for softwa
Kalray Announces Production Launch of New "Coolidge™2" DPU Processor Optimized for AI and Intensive Data Processing6.6.2023 18:46:00 EEST | Press release
Kalray (Euronext Growth Paris: ALKAL), a leading provider of hardware and software technologies and solutions for high-performance, data-centric computing markets from cloud to edge today announces the tape-out1 of Coolidge™2, a new version of its 3rd generation Coolidge™ DPU processor. Based on Kalray’s patented MPPA® (Massively Parallel Processor Array) architecture, the Coolidge™2 processor has been designed to deliver ever-higher performance in the processing of artificial intelligence (AI) and data in general. Thanks to Coolidge™2, Kalray intends to accelerate its growth, particularly in edge computing and data- intensive storage workloads. COOLIDGE™2, AN ULTRA-HIGH-PERFORMANCE DPU PROCESSOR FOR AI At a time when AI development is progressing rapidly, mastering this technology is a major challenge, both in terms of managing algorithms and in processing the massive quantities of data generated and stored by AI workloads. Processors are at the forefront of the solution. “We are very
BDA Promotes Bermuda’s FinTech Sector at Money20/20 Europe6.6.2023 17:47:00 EEST | Press release
The Bermuda Business Development Agency (BDA) will promote Bermuda’s burgeoning Financial Technology (FinTech) sector at the Money20/20 Europe conference. Money20/20 Europe focusses primarily on the future of payments and financial services and is being held this year in Amsterdam, Netherlands from June 6–8. David Hart, CEO, BDA said, “The BDA’s presence at Money20/20 Europe follows our participation at Consensus in Austin, Texas in April, where we experienced an outpouring of interest from potential new digital asset businesses. While Bermuda currently has 21 digital asset business licences on the register, we anticipate continued growth in our tech ecosystem. It is important to continue to promote Bermuda’s legal and regulatory certainty regarding FinTech regulation and supervision, so we are inviting everyone we are meeting with here to register for our fifth annual Bermuda Tech Summit, being held this year from October 9–10 at the Hamilton Princess & Beach Club.” In terms of promot
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom