Toyota Unveils New Models in Advanced Driver-Assist Technology Push

Lexus LS and Toyota Mirai cars | Toyota/ Handout via Reuters
Lexus LS and Toyota Mirai cars | Toyota/ Handout via Reuters
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Toyota Unveils New Models in Advanced Driver-Assist Technology Push

Lexus LS and Toyota Mirai cars | Toyota/ Handout via Reuters
Lexus LS and Toyota Mirai cars | Toyota/ Handout via 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 utilize AI technology centered 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 customizable" much like how people personalize their smartphones, Kuffner added.

Fully self-driven cars are still likely to be years away, but rival General Motors Co 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 unveiled a partnership with local car brand Geely.

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)



Abu Dhabi's Cryptomining firm Phoenix Group Enters Africa with Power Purchase Deal

Abu Dhabi's Cryptomining firm Phoenix Group Enters Africa with Power Purchase Deal
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Abu Dhabi's Cryptomining firm Phoenix Group Enters Africa with Power Purchase Deal

Abu Dhabi's Cryptomining firm Phoenix Group Enters Africa with Power Purchase Deal

Abu Dhabi-listed cryptomining and blockchain conglomerate Phoenix Group has struck an 80-megawatt (MW) power purchase agreement (PPA) in Ethiopia, it said on Wednesday, as it pursues a global diversification strategy by entering the Africa market.

Under the deal, Ethiopian Electric Power (EEP) will provide the energy needed to support Phoenix's bitcoin mining expansion, with supplies due to start in the second quarter.

The firm did not provide details on the location of the facility or the size of the deal, which was signed in partnership with Abu Dhabi cybersecurity firm Data7, it said in a statement, Reuters reported.

"We are aggressively building out our mining capabilities," Phoenix CEO Munaf Ali said, adding the additional capacity would fuel further growth as the company prepares for a dual-listing on Nasdaq.

The company "is actively engaged in discussions with financial institutions and NASDAQ to evaluate the most effective way forward", it said in a separate statement to Reuters, without providing a timeline for the listing.

Phoenix, which counts Abu Dhabi's largest listed firm IHC among its shareholders, operates multiple mining facilities in countries including the UAE, the US and Canada.