Japan's No. 1 automaker Toyota Motor and technology giant SoftBank Group are setting up a joint venture to create mobility services in what they called a "united Japan" effort to face global competition.

The 2 billion yen (20 million US dollars) venture, Monet Technologies Corp. is meant to be running by the end of March.

It will work on on-demand vehicle services, food deliveries, data analysis and hospital shuttles with onboard medical exams, the companies said Thursday in a news conference at a Tokyo hotel.

The energy and telecoms company's past tie-ups have tended to be with overseas startups.

But Softbank has also invested in leading car-sharing companies like Uber, Didi and Grab, and has acquired Arm, a leader in the Internet of Things, or IoT.

Toyoda stressed the auto industry was changing in an era of connected cars, autonomous driving, car-sharing and electric vehicles.

SoftBank Chairman Masayoshi Son said he was thrilled to be partnering with a top automaker on mobility and artificial intelligence, his company's expertise.

The joint venture's services will roll out in Japan first, but a global expansion is in the works, the companies said. It's 50.25 percent owned by SoftBank, 49.75 percent by Toyota.

Toyota is developing autonomous vehicles in time for the 2020 Tokyo Olympics and Monet plans to roll out a business featuring autonomous vehicle services by the second half of 2020, they said.

Automakers around the world are forming tie-ups in the race to develop the next-generation of transportation, such as self-driving cars.

4 October 2018 – Tokyo, Japan

1. Wide of Masayoshi Son, Chairman, Softbank, walking onto stage

2. Wide of joint press conference

3. Mid of Son talking

4. Wide of audience

5. SOUNDBITE (Japanese) Masayoshi Son, Chairman, Softbank:

"Toyota is number one in the world in area of mobility and Softbank is putting more emphasis on AI (artificial intelligence). This partnership between the two companies will give birth to a new era of mobility, something that hasn't been seen yet and I have a feeling that mobility will evolve."

6. Wide of Son talking

7. Close of people taking photos

8. SOUNDBITE (Japanese) Masayoshi Son, Chairman, Softbank:

"This time, we partnered with Toyota and I think that the Monet's service will be carried out while utilizing technology that Toyota will develop for autonomous driving."

9. Wide of Akio Toyoda, Chief Executive, Toyota, walking onto stage and shaking hands with Son

10. Mid of people taking photos

11. Wide of Toyoda talking

12. SOUNDBITE (Japanese) Akio Toyoda, Chief Executive, Toyota:

"Softbank is working with many teams trying to create new mobility services and to create a more exciting mobility society. I believe that the cooperation between the two companies will be an alliance to make the future mobility society a reality by incorporating these teams."

13. Wide of Toyoda talking

14. Close of people taking photos

15. Tilt down from logo to photo session of Son (left) and Toyoda (right) in the middle

16. Wide of photo session

17. Close of people taking photos

18. Close of photo session and Son and Toyoda shaking hands

Japanese automaker Toyota and electronics giant Panasonic are forming a joint venture combining their housing businesses in Japan to showcase technologies such as connected cars and the internet of things.

Toyota Motor Corp., which offers housing as well as vehicles in Japan, said the new company will offer homes showcasing those technologies.

Panasonic Corp. said its housing subsidiary will become part of the joint venture.

The companies said Thursday the deal should concluded by January 2020.

Both sides said communities will increasingly want connected cars, autonomous driving, car-sharing and ecological vehicles, and homes offering sustainable energy and gadgetry.

Earlier this year, Toyota and Panasonic announced a joint venture to research, manufacture and sell batteries for ecological autos, an increasingly lucrative sector amid concerns about global warming.

The companies have been studying working together on batteries since 2017.

Tokyo - 9 May 2019

1. Wide of press conference

2. Zoom-out of Masayoshi Shirayanagi, Operating Officer at Toyota Motor Corporation, walking

3. SOUNDBITE (Japanese) Masayoshi Shirayanagi, Operating Officer at Toyota Motor Corporation:

"By providing mobility and livelihood technology from Toyota and Panasonic, housing makers and construction companies can promote and create a new kind of town development. That is the goal of establishing this joint venture."

4. Wide of press conference

5. Wide of people

6. SOUNDBITE (Japanese) Makoto Kitano, Senior Managing Executive Officer and CEO of Life Solutions Company at Panasonic Corporation:

"We want to highly optimise cutting edge technology to provide safe, comfortable and convenient living. At the same time, we aim to create a town that can be updated daily so residents will be satisfied."

7. Close of people

8. Close pan from Toyota to Panasonic logos

9. Wide of press conference

LEADIN:

Two cars are getting their world premiere at the South Korean Motor Show.

The model getting the star treatment is the Stinger, Kia's first premium sports car, with which hopes to break into the European sports car market.

STORYLINE:

The future may be all about automatically driven electric cars, but all eyes at Asia's biggest car showcase are on the Kia Stinger which was unveiled with a James Bond style fanfare.

The five-passenger sports sedan is Kia's first premium sports car and the first fastback sedan made by any South Korean carmaker.

Many see the Stinger as a game changer for Kia, which aims to challenge European sports cars and expand into Western markets.

Hyundai Motor is putting its electric vehicles at the forefront, revealing the hybrid electric version of its steady-selling Grandeur sedan which boasts a claimed fuel efficiency of 16.2 kilometers per liter (38.2 miles per gallon).

It's also starting to show interest in fuel cell concept cars.

Vice chairman Yang Woong-chul says : "We plan to launch a fuel cell model for the sports utility vehicle."

When it comes to Grandeur Hyundai's vice president reveals: "Hyundai plans to sell more than 10,000 units of Grandeur hybrid electric vehicle a year."

Hyundai is South Korea's largest car manufacturer and it has its sights set on the future, claiming by 2019 drivers will be able to remotely turn on the lights or set the temperature in their homes.

Naver, the parent company of mobile messaging service Line, is investing in autonomous driving technology.

It claims it will use data its acquired to tackle everyday questions such as the location of the nearest parking spot.

Naver's CEO Song Chang-hyun says: "To put it briefly, we are not doing it for cars or auto technology. We are doing it for the ambient technology service and platform Labs is developing."

Naver Labs operates operates the most-visited web portal in South Korea, one of the few countries in the world not conquered by Google.

The company is also showing M1 robot, which can move around areas that are too small for self-driving cars, they say it can be used to navigate through the rows of bookshelves in a library.

South Korea's smallest carmaker, Ssangyong Motor, is unveiling its second new car since its 2011 tie-up with India's Mahindra Group.

The G4 Rexton, a large sports utility vehicle, is Ssangyong's new flagship product.

In all there are 243 vehicles on display.

The show will run until 9th April.

Seoul, South Korea - 30 March 2017

1. Various of the Kia Stinger unveiled on stage

2. Wide of people watching

3. Wide top shot of Hyundai cars

4. Wide of exhibiton

5. UPSOUND: (Korean) Yang Woong-chul, vice chairman at Hyundai Motor Co.:

"We plan to launch a fuel cell model for the sports utility vehicle."

6 . Wide low angle of Hyundai fuel cell concept car

7. Low mid shot of photographers and flashing cameras

8. Low wide of Hyundai fuel cell concept car

9. SOUNDBITE: (Korean) Lee Kwang-kook, vice president at Hyundai Motor Co

"Hyundai plans to sell more than 10,000 units of Grandeur hybrid electric vehicle a year."

10. Mid of Hyundai Motor's Grandeur hybrid electric vehicle on stage with officials

11. Mid of Yang speaking to device to give a demonstration of commanding a driverless car to the stage

12. Naver stage at the Seoul Motor Show

13. SOUNDBITE (Korean) Song Chang-hyun, CEO of Naver Labs:

"To put it briefly, we are not doing it for cars or auto technology. We are doing it for the ambient technology service and platform Labs is developing."

14. Various of Naver's M1 robot

15. Mid of Song addressing audience

16. Various of Ssangyong G4 Rexton

17. Wide of Chevrolet booth

18. Various of Toyota Pirus

LEADIN:

Two cars are getting their world premiere at the South Korean Motor Show.

The model getting the star treatment is the Stinger, Kia's first premium sports car, with which hopes to break into the European sports car market.

STORYLINE:

The future may be all about automatically driven electric cars, but all eyes at Asia's biggest car showcase are on the Kia Stinger which was unveiled with a James Bond style fanfare.

The five-passenger sports sedan is Kia's first premium sports car and the first fastback sedan made by any South Korean carmaker.

Many see the Stinger as a game changer for Kia, which aims to challenge European sports cars and expand into Western markets.

Hyundai Motor is putting its electric vehicles at the forefront, revealing the hybrid electric version of its steady-selling Grandeur sedan which boasts a claimed fuel efficiency of 16.2 kilometers per liter (38.2 miles per gallon).

It's also starting to show interest in fuel cell concept cars.

Vice chairman Yang Woong-chul says : "We plan to launch a fuel cell model for the sports utility vehicle."

When it comes to Grandeur Hyundai's vice president reveals: "Hyundai plans to sell more than 10,000 units of Grandeur hybrid electric vehicle a year."

Hyundai is South Korea's largest car manufacturer and it has its sights set on the future, claiming by 2019 drivers will be able to remotely turn on the lights or set the temperature in their homes.

Naver, the parent company of mobile messaging service Line, is investing in autonomous driving technology.

It claims it will use data its acquired to tackle everyday questions such as the location of the nearest parking spot.

Naver's CEO Song Chang-hyun says: "To put it briefly, we are not doing it for cars or auto technology. We are doing it for the ambient technology service and platform Labs is developing."

Naver Labs operates operates the most-visited web portal in South Korea, one of the few countries in the world not conquered by Google.

The company is also showing M1 robot, which can move around areas that are too small for self-driving cars, they say it can be used to navigate through the rows of bookshelves in a library.

South Korea's smallest carmaker, Ssangyong Motor, is unveiling its second new car since its 2011 tie-up with India's Mahindra Group.

The G4 Rexton, a large sports utility vehicle, is Ssangyong's new flagship product.

In all there are 243 vehicles on display.

The show will run until 9th April.

Seoul, South Korea - 30 March 2017

1. Various of the Kia Stinger unveiled on stage

2. Wide of people watching

3. Wide top shot of Hyundai cars

4. Wide of exhibiton

5. UPSOUND: (Korean) Yang Woong-chul, vice chairman at Hyundai Motor Co.:

"We plan to launch a fuel cell model for the sports utility vehicle."

6 . Wide low angle of Hyundai fuel cell concept car

7. Low mid shot of photographers and flashing cameras

8. Low wide of Hyundai fuel cell concept car

9. SOUNDBITE: (Korean) Lee Kwang-kook, vice president at Hyundai Motor Co

"Hyundai plans to sell more than 10,000 units of Grandeur hybrid electric vehicle a year."

10. Mid of Hyundai Motor's Grandeur hybrid electric vehicle on stage with officials

11. Mid of Yang speaking to device to give a demonstration of commanding a driverless car to the stage

12. Naver stage at the Seoul Motor Show

13. SOUNDBITE (Korean) Song Chang-hyun, CEO of Naver Labs:

"To put it briefly, we are not doing it for cars or auto technology. We are doing it for the ambient technology service and platform Labs is developing."

14. Various of Naver's M1 robot

15. Mid of Song addressing audience

16. Various of Ssangyong G4 Rexton

17. Wide of Chevrolet booth

18. Various of Toyota Pirus

LEADIN:

Two cars are getting their world premiere at the South Korean Motor Show.

The model getting the star treatment is the Stinger, Kia's first premium sports car, with which hopes to break into the European sports car market.

STORYLINE:

The future may be all about automatically driven electric cars, but all eyes at Asia's biggest car showcase are on the Kia Stinger which was unveiled with a James Bond style fanfare.

The five-passenger sports sedan is Kia's first premium sports car and the first fastback sedan made by any South Korean carmaker.

Many see the Stinger as a game changer for Kia, which aims to challenge European sports cars and expand into Western markets.

Hyundai Motor is putting its electric vehicles at the forefront, revealing the hybrid electric version of its steady-selling Grandeur sedan which boasts a claimed fuel efficiency of 16.2 kilometers per liter (38.2 miles per gallon).

It's also starting to show interest in fuel cell concept cars.

Vice chairman Yang Woong-chul says : "We plan to launch a fuel cell model for the sports utility vehicle."

When it comes to Grandeur Hyundai's vice president reveals: "Hyundai plans to sell more than 10,000 units of Grandeur hybrid electric vehicle a year."

Hyundai is South Korea's largest car manufacturer and it has its sights set on the future, claiming by 2019 drivers will be able to remotely turn on the lights or set the temperature in their homes.

Naver, the parent company of mobile messaging service Line, is investing in autonomous driving technology.

It claims it will use data its acquired to tackle everyday questions such as the location of the nearest parking spot.

Naver's CEO Song Chang-hyun says: "To put it briefly, we are not doing it for cars or auto technology. We are doing it for the ambient technology service and platform Labs is developing."

Naver Labs operates operates the most-visited web portal in South Korea, one of the few countries in the world not conquered by Google.

The company is also showing M1 robot, which can move around areas that are too small for self-driving cars, they say it can be used to navigate through the rows of bookshelves in a library.

South Korea's smallest carmaker, Ssangyong Motor, is unveiling its second new car since its 2011 tie-up with India's Mahindra Group.

The G4 Rexton, a large sports utility vehicle, is Ssangyong's new flagship product.

In all there are 243 vehicles on display.

The show will run until 9th April.

Seoul, South Korea - 30 March 2017

1. Various of the Kia Stinger unveiled on stage

2. Wide of people watching

3. Wide top shot of Hyundai cars

4. Wide of exhibiton

5. UPSOUND: (Korean) Yang Woong-chul, vice chairman at Hyundai Motor Co.:

"We plan to launch a fuel cell model for the sports utility vehicle."

6 . Wide low angle of Hyundai fuel cell concept car

7. Low mid shot of photographers and flashing cameras

8. Low wide of Hyundai fuel cell concept car

9. SOUNDBITE: (Korean) Lee Kwang-kook, vice president at Hyundai Motor Co

"Hyundai plans to sell more than 10,000 units of Grandeur hybrid electric vehicle a year."

10. Mid of Hyundai Motor's Grandeur hybrid electric vehicle on stage with officials

11. Mid of Yang speaking to device to give a demonstration of commanding a driverless car to the stage

12. Naver stage at the Seoul Motor Show

13. SOUNDBITE (Korean) Song Chang-hyun, CEO of Naver Labs:

"To put it briefly, we are not doing it for cars or auto technology. We are doing it for the ambient technology service and platform Labs is developing."

14. Various of Naver's M1 robot

15. Mid of Song addressing audience

16. Various of Ssangyong G4 Rexton

17. Wide of Chevrolet booth

18. Various of Toyota Pirus