Toyota to launch first EV with advanced
self driving system for China in 2025
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[June 28, 2024]
SHANGHAI (Reuters) - Toyota is planning to launch the first
electric car model equipped with an advanced autonomous driving system
similar to Tesla's Full Self-Driving for the Chinese market next year,
one of its Chinese joint ventures said. |
The Toyota logo is pictured at the 43rd Bangkok International Motor
Show, in Bangkok, Thailand, March 22, 2022. REUTERS/Athit Perawongmetha/File
Photo |
The
JV with state-owned Guangzhou Automobile Group (GAC) aims to
restore the Japanese automaker's market share in China by
catching up with Chinese rivals on technologies in hybrids,
batteries and intelligent vehicles.
The venture announced a series of innovation targets at an event
in Guangzhou on Friday.
GAC Toyota said it would launch Bozhi 3X SUV next year as the
first model to be equipped with the system that would enable
advanced driving assistance for parking and navigation on
highways and urban traffics. This would ensure its leadership in
autonomous driving technology offerings among all foreign brands
in China, it said.
GAC Toyota is developing the system with Momenta Global, a
startup that develops autonomous driving software for automakers
including Mercedes-Benz.
It also works with Huawei to use the latter's in-vehicle
operating software starting with an electric sedan to be
launched in 2025 for China.
The automaker also said it would roll out an iron phosphate
lithium battery during 2026 and 2027 that could reduce the
production cost of its bZ4X EV by 40%.
Toyota ranked fifth among all brands by car sales in China in
the first four months of this year, when the Japanese brand saw
a 22% drop from the same period in 2023, according to data from
China Association of Automobile Manufacturers.
(Reporting by Zhang Yan, and Daniel Leussink; Editing by Emeia
Sithole-Matarise)
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