March 24 - 09:03
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Toyota and NTT pen $1.8 billion smart city agreement
Toyota and NTT have reached an agreement on the development of smart cities. They will co-invest $1.8 billion and take a small stake in each other. The pair plan to develop a smart city data platform, with the intention of building a new smart city in 2021 on the site of a former Toyota plant in Japan. Toyota and NTT also own a joint project for the development of connected car technologies.
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