Tokyo, Nov. 5 (Jiji Press)–Japanese telecommunications company NTT Inc. has said it will establish a new company in December to promote the practical application of self-driving technology. The new company, NTT Mobility Inc., aims to begin offering services such as procuring autonomous vehicles and supporting their operation for local governments and transportation companies by fiscal 2027. NTT Mobility will consolidate the self-driving technologies and expertise from NTT group companies, which have so far carried out more than 35 demonstration projects across Japan. In cooperation with automakers and system developers, NTT hopes to put so-called Level 4 autonomous driving, or unmanned driving under certain conditions, into practical use. The Japanese government has set a target of making autonomous driving services available at 100 locations nationwide by fiscal 2027. “We want to take a leading role (in the initiative) and post tens of billions of yen in sales around 2030,” NTT President and CEO Akira Shimada told a press conference Tuesday. END [Copyright The Jiji Press, Ltd.]
NTT to Establish Company for Self-Driving Services
Related Posts
Nikkei Dives 2,400 Points to Slip below 50,000 in Morning
Tokyo, Nov. 5 (Jiji Press)–Japan’s benchmark Nikkei 225 stock average tumbled about 2,400 points to end below 50,000 Wednesday morning, dragged down by heavy selling of chip-related stocks following a weak overnight performance of Wall Street. The Nikkei stood at 49,104.05 at
Nikkei Stock Index Plunges over 2,000 Points in Morning
Tokyo, Nov. 5 (Jiji Press)–Japan’s benchmark Nikkei 225 stock average briefly tumbled more than 2,000 points Wednesday morning to slip below 50,000, dragged down by heavy selling of semiconductor-related shares. At 10:32 a.m., the Nikkei average stood at 49,441.52, down 2,036.20 points,
