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Toyota to Boost EV Development and Technology in China

FILE PHOTO-A Toyota EV car is seen at the Bangkok International Motor Show in Bangkok, Thailand, March 30, 2022. REUTERS/Soe Zeya Tun/File Photo
FILE PHOTO-A Toyota EV car is seen at the Bangkok International Motor Show in Bangkok, Thailand, March 30, 2022. REUTERS/Soe Zeya Tun/File Photo
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Toyota to Boost EV Development and Technology in China

FILE PHOTO-A Toyota EV car is seen at the Bangkok International Motor Show in Bangkok, Thailand, March 30, 2022. REUTERS/Soe Zeya Tun/File Photo
FILE PHOTO-A Toyota EV car is seen at the Bangkok International Motor Show in Bangkok, Thailand, March 30, 2022. REUTERS/Soe Zeya Tun/File Photo

Toyota will strengthen its development of electric vehicle technology in China, the automaker said on Monday, as it looks to catch up with increasingly tough domestic competition in the world's largest auto market.
The move is the latest from the world's top selling carmaker that shows a sharper pivot to electric vehicles. It recently detailed an ambitious new EV strategy that includes an overhaul of its supply chain and the development of long-range batteries, Reuters said.
China, once seen as an opportunity for potentially limitless growth for foreign automakers, is now regarded as an increasingly competitive market thanks to the rise of fast-moving local companies.
Toyota said on Monday it would accelerate powertrain development with suppliers Denso and Aisin as well as local design and development of "smart cockpits" that meet the needs of the Chinese market.
It said it would aim to significantly reduce manufacturing costs, including through developing a local supplier base, to become more competitive.
It will strengthen development of battery-powered vehicles, plug-in hybrids, hybrids and fuel cell cars in China in order to achieve carbon neutrality through a "multi-pathway"-based approach, it said.

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Emergency Meeting Held in Riyadh to Discuss Impact of Global Tech Outage

Hundreds of flights were affected at several airports around the world as a result of the global IT outage. (EPA)
Hundreds of flights were affected at several airports around the world as a result of the global IT outage. (EPA)
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Emergency Meeting Held in Riyadh to Discuss Impact of Global Tech Outage

Hundreds of flights were affected at several airports around the world as a result of the global IT outage. (EPA)
Hundreds of flights were affected at several airports around the world as a result of the global IT outage. (EPA)

The Riyadh-based Digital Cooperation Organization (DCO) said in a statement that it will hold urgent discussions with Member States and digital economy experts to address the implications of the global IT outage that disrupted vital operations around the world, affecting businesses including airlines, banks, broadcasters, software providers, and more.
In a statement reported by the Saudi Press Agency (SPA), the nine-country organization said: “The high level of impact the world witnessed as a result of the unfortunate outage is alarming and indicates the dire need for a more effective and agile international digital cooperation.
“The incident raised questions on continuity and sustainability in a world rapidly moving towards being highly dependent on digital channels and platforms. It is very crucial that the international community develops proper policies and protocols to mitigate the risks of such incidents and ensure the continuity of at least essential operations”, it added.
The DCO Secretariat General called for an urgent deliberation to “capture the lessons learned from this incident, assess its impact on national digital transformation plans, and plan practical steps to ensure that relevant stakeholders across sectors are aligned and ready to deal with such mishaps.”
The DCO is an international organization concerned with enhancing cooperation in all fields driven by innovation and accelerating the growth of the digital economy. It was established in November 2020 as part of Saudi Arabia’s efforts during its presidency of the G20 to promote the growth of the digital economy and digital transformation around the world.