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NTT and Toyota Enter into Memorandum of Understanding Concerning Business and Capital Alliance Agreement

NTT and Toyota Enter into Memorandum of Understanding Concerning Business and Capital Alliance Agreement


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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