Nagoya: Toyota Industries Corporation is planning to set up its own test course to speed up the development of key hybrid and electric car components instead of relying on its sister company Toyota Motor Corp.
The new test course in Mie Prefecture is expected to begin operations in 2017, company officials said today, adding that it will speed up the development of components including motors and AC-DC converters.
Land development costs are estimated at 4 billion Yen (USD 51,183,727).
The facility will likely be set up on a 64-hectare site near Japanese multinational company, Sharp Corp.'s liquid crystal display panel plant in Kameyama.
An environmental impact assessment is due to begin this autumn.
First Published: Tuesday, July 24, 2012, 16:27