|Toyota Motor to Participate as Investor|
TOKYO, Sept 19, 2018 - (JCN Newswire) - SPARX Group Co., Ltd. and Toyota Motor Corporation today announce their agreement regarding the "Mirai Renewable Energy Fund" to be established by SPARX, which aims to invest in renewable energy power facilities, with Toyota participating as investor.
The fund's basic principle is "driving renewable energy growth and use throughout Japan," aiming to further improve regional economic development and Japan's energy self-reliance.
Toyota is looking toward future electricity supplies for its production plants, electric vehicles, and dealerships, as part of achieving its "Environmental Challenge 2050" goals through its investment in the new fund. The fund also aims to support the realization of a low-carbon society that makes maximum use of clean energy.
About Toyota Motor Corporation
Toyota Motor Corporation (TMC) is the global mobility company that introduced the Prius hybrid-electric car in 1997 and the first mass-produced fuel cell sedan, Mirai, in 2014. Headquartered in Toyota City, Japan, Toyota has been making cars since 1937. Today, Toyota proudly employs 370,000 employees in communities around the world. Together, they build around 10 million vehicles per year in 29 countries, from mainstream cars and premium vehicles to mini-vehicles and commercial trucks, and sell them in more than 170 countries under the brands Toyota, Lexus, Daihatsu and Hino. For more information, please visit www.toyota-global.com.
Public Affairs Division
Global Communications Department
Toyota Motor Corporation
Sept 19, 2018 17:08 HKT/SGT
Source: Toyota Motor Corporation
Topic: Press release summary
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