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WilliamJasonLee - 26th January 12:33
Toyota is also regarded as lagging when it comes to developing smart car technology.[181] Although the company unveiled its first self-driving test vehicle in 2017, and has been developing its own self-driving technology named "Chauffeur" (intended for full self-driving) and "Guardian" (a driver assist system), neither of these has been introduced into any production vehicles.[182]
The company had set up a large research and development operation by 2018, spending almost US$4 billion to start an autonomous vehicle research institute in California's Silicon Valley and another ¥300 billion on a similar research institute in Tokyo that would partner with fellow Toyota Group companies and automotive suppliers Aisin Seiki and Denso.
Toyota has also been collaborating with autonomous vehicle technology developers and, in some cases, purchasing the companies. Toyota has acquired the autonomous vehicle division of ride-hailing service Lyft for $550 million, invested a total of US$1 billion in competing ride-hailing service Uber's self-driving vehicle division, invested $400 million in autonomous vehicle technology company Pony.ai, and announced a partnership with Chinese electronics e-commerce company Cogobuy to build a "Smart Car Ecosystem