Jun. 20, 2012
Toyota to Establish Map Data Distribution JV in China
Toyota City, Japan, June 20, 2012―Toyota Motor Corporation (TMC) and NavInfo Co., Ltd. (NavInfo), a China-based map production company, will cooperate to establish a joint-venture company for the distribution of map data to car navigation systems in China.
The joint-venture company, Telemap China Co., Ltd., is scheduled to begin services in 2013 with starting capital of approximately 9.2 million U.S. dollars. Equity participation will consist of 51 percent provided by NavInfo, 39 percent provided by TMC and 10 percent provided by Beijing Media Technical Solution Ltd. (BMTS1).
NavInfo's parent company, China Siwei Surveying & Mapping Technology Co., Ltd.2, and TMC have engaged in technical cooperation on map data creation for car navigation systems since 1996. The integration of TMC's telematics technology and NavInfo's map production and management technology will enable the two companies to provide even more timely and accurate map distribution services.
TMC, based on its founding philosophy of contributing to society through the manufacture of automobiles, is dedicated to producing ever-better cars for the benefit of consumers and society and for the development of the automobile industry in China.
The joint-venture company, Telemap China Co., Ltd., is scheduled to begin services in 2013 with starting capital of approximately 9.2 million U.S. dollars. Equity participation will consist of 51 percent provided by NavInfo, 39 percent provided by TMC and 10 percent provided by Beijing Media Technical Solution Ltd. (BMTS1).
NavInfo's parent company, China Siwei Surveying & Mapping Technology Co., Ltd.2, and TMC have engaged in technical cooperation on map data creation for car navigation systems since 1996. The integration of TMC's telematics technology and NavInfo's map production and management technology will enable the two companies to provide even more timely and accurate map distribution services.
TMC, based on its founding philosophy of contributing to society through the manufacture of automobiles, is dedicated to producing ever-better cars for the benefit of consumers and society and for the development of the automobile industry in China.
Overview of Telemap China Co., Ltd.
| Location | Chaoyang District, Beijing |
| Chairman | Sun Yuguo |
| Vice chairman | Hiroyuki Yamada |
| Equity participation | NavInfo: 51%; TMC: 39%; BMTS: 10% |
| Establishment | December 2012 |
| Capital | 9.2 million U.S. dollars |
| Main businesses | Navigation system map data updating services and telematics information provision services |
1Beijing-based subsidiary of Toyota Media Service Corporation
2The navigation system division of China Siwei Surveying & Mapping Technology Co. Ltd. was spun off in 2002 to form NavInfo
| Reference: Overview of Toyota Media Service Corporation | |||
| - Establishment: October 2000 | - Capital: 650 million yen | ||
| - Employees: Approx. 410 | - President: Shigeki Tomoyama | ||
| - Equity participation: TMC 75%; Microsoft Corporation: 15%; Salesforce.com: 10% | |||
2The navigation system division of China Siwei Surveying & Mapping Technology Co. Ltd. was spun off in 2002 to form NavInfo
