🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Toyota unveils new models in advanced driver-assist technology push

Published 04/08/2021, 12:51 AM
Updated 04/08/2021, 02:30 AM
© Reuters. FILE PHOTO: A man walks past a Toyota logo at the Tokyo Motor Show
TM
-

TOKYO (Reuters) -Toyota Motor Corp unveiled on Thursday new models of Lexus and Mirai in Japan, equipped with advanced driver assistance, as competition heats up to develop more self-driving and connected cars.

Toyota's latest launch comes as automakers, electric car startups and tech giants invest heavily in so-called active safety features.

The Japanese carmaker's new driving assist technology, or Advanced Drive, features a level 2 autonomous system that helps driving, such as limiting the car in its lane, maintaining the distance from other vehicles and changing lanes under the driver's supervision on expressways or other motor-vehicle only roads.

The luxury sedan Lexus LS will be on sale from Thursday, costing between about 16.3 million yen ($148,627.70) and 17.9 million yen, while the second-generation Mirai hydrogen fuel cell car will be offered on April 12 at between 8.4 million and 8.6 million yen.

The new models are Toyota's first products brought to the market that provide over-the-air updates and utilise AI technology centred on deep learning, said Toyota executive James Kuffner, who is also the head of Toyota's research unit Woven Planet.

"This is really an important first step in our journey towards software-first development," he said at an online briefing on Thursday, adding that the company has tried to design the software to be truly global and to provide re-usability.

In the future, software features on cars will be "upgradable" and "more customisable" much like how people personalise their smartphones, Kuffner added.

Fully self-driven cars are still likely to be years away, but rival General Motors Co (NYSE:GM) early this year made a splash at the virtual Consumer Electronics Show with a fully-autonomous all-electric flying Cadillac concept, while Chinese search engine operator Baidu (NASDAQ:BIDU) unveiled a partnership with local car brand Geely.

© Reuters. Lexus LS and Toyota Mirai cars in front of the Meiji Memorial Picture Gallery in Shinjuku, Tokyo in this undated handout photo

Toyota's domestic competitor, Honda Motor Co Ltd, last month unveiled a partially self-driving Legend sedan in Japan, becoming the world's first carmaker to sell a vehicle equipped with new, certified level 3 automation technology.

($1 = 109.7000 yen)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.