Toyota Motor Corporation ("Toyota") and NTT Corporation ("NTT") announce that they entered into a memorandum of understanding concerning a business and capital alliance (the "Alliance") upon approving a resolution at meetings of their respective Board of Directors today. The purpose of the memorandum of understanding is to build a long-term and continuous cooperative relationship that enables the commercialization of smart city businesses, with each company being a core partner to share the same values and promote social development, with the aim of realizing smart cities, which continue to evolve in accordance with the needs of residents.


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