Honda Motor Co and Japanese truck maker Hino Motors Ltd will join a joint venture between SoftBank Group Corp and Toyota Motor Corp to develop self-driving vehicle services.
Under the agreement announced Thursday, Honda and Hino, in which Toyota owns a majority stake, will invest 250 million yen ($2,27 million) each in the joint venture MONET Technologies Corporation, taking a 10 percent stake in it.
MONET Technologies Corporation JV was created by SoftBank and Toyota last year. It will focus on projects in the car-sharing segment, which is dominated by Uber, Didi Chuxing and Lyft.
Source: 3dnews.ru