However, differing energy and infrastructure issues around the world and the rapid strengthening of regulations aimed at increasing the use of zero-emission vehicles have heightened the need for product lineups that can respond to various situations.

As such, along with its promotion of FCVs, TMC has decided to create a structure that will allow it to commercialize EVs at an early stage, as an alternative means of achieving zero emissions.

TMC President Akio Toyoda, commenting on the establishment of the virtual venture company, said: "Over these past few years, which we have positioned as years for strengthening our planting of seeds for the future, we have taken such measures as establishing the Toyota Research Institute, made Daihatsu a fully owned subsidiary and have begun work to established an internal company responsible for compact vehicles for emerging markets.

"The new organizational structure for EVs is a part of this effort. As a venture company that will specialize in its field and embrace speed in its approach to work, it is my hope that it will serve as a pulling force for innovation in the work practices of Toyota and the Toyota Group."

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