"It's hard to argue that Toyota isn't operating from a position of strength right now. As global electric vehicle sales remain uneven, the Japanese automaker continues to generate robust profits from its broad hybrid lineup and has managed the U.S. tariff challenges more effectively than many of its competitors."
"Almost six years after it was first announced at CES 2020, Toyota's Woven City is open for business. Or living. Or a mix of both. It's one of the more bold and interesting experiments from any carmaker, legacy or otherwise: a whole town at the base of Mount Fuji devoted to mobility testing, startup incubation and more in a very realistic setting."
"It's technically private property, closed to the public and not subject to road traffic lawswhich helps with the work being done therebut will eventually be home to potentially thousands of residents. Woven City is less than a square mile in size for now, but it's poised to grow in the future."
Toyota currently benefits from robust hybrid sales and effective management of U.S. tariff challenges, maintaining a strong financial position despite uneven global EV demand. The company does not lead in automotive software or autonomous technologies even as those areas boom. Toyota is leveraging its size and capital to build Woven City, a private test town near Mount Fuji for mobility testing, startup incubation and future residential living, initially under one square mile and planned to expand. The site uses connected infrastructure such as multi-function poles with cameras and sensors and operates off public road traffic rules.
Read at insideevs.com
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