The motivation to motivate Toyota to build a city of 10 billion USD

Daisuke Toyoda, CEO of Toyota’s Woven City project, emphasized that this is not a smart city. “We are creating a slightly different trial run for traffic. We are not real estate developers,” Toyoda shared on February 22 on a reflective tour of the complete base. into the first construction stage.

Woven City project is worth 10 billion USD. The first phase spreads 47,000 m2, about 5 baseball fields. When completed, the city will have a total area of ​​294,000 m2. Built on a closed factory of Toyota, this is where researchers and startups share ideas, according to Toyota.

Many ambitious future plans are facing difficult or incomplete, including projects proposed by the parent company Alphabet of Google, Neom in Saudi Arabia, a project near San Francisco by a former trading. The Goldman Sachs initiated and the Masdar city near the airport of Abu Dhabi.

The process of building Woven City starts in 2021. All buildings in the city are connected by the underground road, where the vehicles automatically run back and forth to collect garbage and transport goods. Currently, no one lives there. It is expected that the first residents of the city are about 100 people. They are employees at Toyota and member companies, including Nissin instant noodles and Daikin air conditioners. UCC coffee maker serves hot drinks from automatic buses, parked in the square yard surrounded by apartment complexes.

While Tesla and BYD became big tram industry, Toyota is promoting the use of hydrogen, choosing energy in Woven City. Toyota’s manager said they did not expect to make money for at least many years. Keisuke Konishi, an automatic analyst at the company’s quick evaluation research center, said that Toyota wants to develop automatically driving to compete with Google’s Waymo model, despite building a new complex.