TIER IV tapped for METI initiative to develop robotaxis and autonomous trucks [Yahoo! Finance]
ISUZU MOTORS UNSP/ADR (ISUZY)
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Source: Yahoo! Finance
Overseen by Japan's Ministry of Economy, Trade and Industry (METI), the initiative is designed to promote digital transformation in the mobility sector through autonomous driving development and proof of concept (PoC) tests. The maximum grant amount for the project in fiscal year 2024 is US$4.5 million (¥700 million). In May 2024, TIER IV announced efforts to launch the robotaxi business in Tokyo. In collaboration with partner companies, TIER IV says it is working on several initiatives in preparation for the mass production of robotaxi vehicles and the nationwide deployment of robotaxi services: Development of a new robotaxi vehicle with Toray Carbon Magic Tokyo robotaxi PoC tests with Nihon Kotsu Verification of a robotaxi hub with AMANE Simultaneously, TIER IV also announced efforts to accelerate the development of the core functions of autonomous driving systems for highway trucks. It plans to provide reference designs to truck manufacturers, driving the deployment of a
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