"Some competitors, not by name because there are several, they’re trying to race to be the first one to show autonomous driving. I’m not so sure what being first gets you,” said Jack Hollis, group vice president of U.S. sales for the Toyota.
The automobile manufacturer hasn't been able to retrieve data from the car and is working authorities to do so.
While the politics of California and China are a study in contrasts, both places are taking a top-down approach to combating climate change by forcing a shift in energy and transportation.
The expected increase in mass manufacturing of lithium-ion storage should help drive battery prices to as low as $70 a kilowatt hour by 2030, a new report says.
Toyota had been doing on-road testing with self-driving vehicles in Michigan and California.
“We are thinking about how to guarantee safety."
Glencore Plc, the world’s top cobalt producer, agreed to sell about a third of its output of the metal to Chinese supplier of battery chemicals GEM Co.
VW aims to build 3 million electric cars a year by 2025 and has lined up suppliers such as Samsung SDI, LG Chem Ltd. and Contemporary Amperex Technology Ltd. for batteries in Europe and China.
The automaker plans to hire 1,000 programmers as soon as it can find them, seeking to lure global talent.
Shares of carmakers declined after the decision.