Jul. 31, 2023

Toyota Accelerates Local Development of Intelligence and Electrification Towards Enhancing Competitiveness in the Chinese Market

Changshu, China, July 31, 2023―Toyota Motor Corporation (Toyota) will work towards strengthening its local development of intelligence and electrification technology to provide electrified vehicles that are competitive and pleasing to the customer in the Chinese market, where electrified vehicles are becoming increasingly popular.

Specifically, we will be moving forward with the following initiatives:

Changing the company name of Toyota China's largest R&D facility "Toyota Motor Engineering & Manufacturing (China) Co., Ltd." to "Intelligent ElectroMobility R&D Center by TOYOTA (China) Co., Ltd. (IEM by TOYOTA)" as of August 1.
Placing engineers from three R&D facilities (FTRD^*1, R&D from GTMC^*2 and BTET^*3) within China on the IEM by TOYOTA-led development project.
Regarding electrification specifically, strengthened local development of all electrified vehicles (BEV, PHEV, HEV, FCEV) in order to achieve multi-pathway-based carbon neutrality. Accelerated electric powertrain development with Denso and Aisin transcending organizational boundaries to also join forces with IEM by TOYOTA.
Regarding intelligence specifically, promoted and accelerated local design and development of smart cockpits for a better user experience through interior space design and use of AI, as well as autonomous driving systems/advanced safety features that better fit the actual situation in China.
For both electrification and intelligence, taking on the challenge of significantly reducing manufacturing costs through initiatives in the three areas of "developing local supplier base," "reviewing parts designs," and "production engineering/manufacturing monozukuri reform" to strengthen competitiveness.

Tatsuro Ueda, Chief Executive Officer of the China Region, stated that "The Chinese market is growing at an unprecedented pace. Toyota will also work together as a group to reform how we work & think to survive in China. By promoting local development with IEM by TOYOTA at its core, we will attempt to develop and provide competitive products that can satisfy Chinese customers at a fast pace. Furthermore, we will look to share development results and lessons learned in China, not only within China, but also globally."

Toyota will continue working towards making ever-better cars that take into consideration the needs of customers in each and every region.

*1	FAW Toyota Research & Development Co., Ltd.
*2	GAC Toyota Motor Co., Ltd.
*3	BYD TOYOTA EV TECHNOLOGY CO., LTD.

Company Overview

	Company Name	Old	New
	Japanese	トヨタ自動車研究開発センター（中国）有限会社	トヨタ知能電動車研究開発センター（中国）有限会社
	English	Toyota Motor Engineering & Manufacturing (China) Co., Ltd.	Intelligent ElectroMobility R&D Center by TOYOTA (China) Co., Ltd.
	Chinese	豊田汽車研発中心（中国）有限公司	豊田智能電動汽車研発中心（中国）有限公司
	Abbreviated	TMEC	IEM by TOYOTA
Location		Changshu New and Hi-Tech Industrial Development Zone, Changshu, China
Representative		董事長 (Chairman) Tatsuro Ueda
Equity Participation		Toyota Motor Corporation: 100%
No. of Employees		700
Establishment Date		November 17, 2010

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As part of efforts to pass our beautiful "Home Planet" to the next generation, Toyota has identified and is helping to solve issues faced by individuals and overall society, which Toyota calls "Achieving Zero," hoping to help reduce the negative impacts caused by these issues to people and the environment to zero. Additionally, Toyota is also looking "Beyond Zero" to create and provide greater value by continuing to diligently seek ways to improve lives and society for the future.

About Beyond Zero: https://global.toyota/en/mobility/beyond-zero/

Toyota Motor Corporation works to develop and manufacture innovative, safe and high-quality products and services that create happiness by providing mobility for all. We believe that true achievement comes from supporting our customers, partners, employees, and the communities in which we operate. Since our founding over 80 years ago in 1937, we have applied our Guiding Principles in pursuit of a safer, greener and more inclusive society. Today, as we transform into a mobility company developing connected, automated, shared and electrified technologies, we also remain true to our Guiding Principles and many of the United Nations' Sustainable Development Goals to help realize an ever-better world, where everyone is free to move.