Toyota to Make Additional Investment in Preferred Networks, Inc.

With the aim of accelerating joint research and development of artificial intelligence technologies in mobility-related fields, such as automated driving technology, Toyota Motor Corporation and Preferred Networks, Inc. (PFN) agreed to an additional Toyota investment in PFN. The investment will amount to 10.5 billion yen, and Toyota will acquire stock in PFN through the allocation of new shares to a third party.