Electronics manufacturer Panasonic and japanese automaker Toyota are forming a joint venture combining their housing companies in Japan.
Toyota Motor Corp., which offers housing as well as automobiles in Japan, ” said that the new firm will offer houses showcasing technology such as connected cars and the internet of things.
Panasonic Corp. stated its home subsidiary will become a part of this joint venture. The companies said the deal will probably be completed by January 2020.
Toyota and Panasonic announced a joint venture to research, manufacture and sell batteries for autos amid worries regarding global warming.
The companies have been studying working on batteries since 2017.