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Toyota's plan to make 50 models smart by 2030
Toyota intends to convert all of its 50 models into Software-Defined Vehicles (SDVs) by 2030, by adopting the "Arene" software development platform. The strategy aims to boost revenue from digital services through continuous software updates and to embed technology into connected communication devices related to buildings and infrastructure, with plans to provide this technology to partner manufacturing companies by 2035. Additionally, the company expects software-defined vehicle sales to reach 10 million cars annually, with profits from non-sales activities increasing to approximately $18.9 billion by 2030, through subscription services and ongoing software updates. Toyota faces challenges in adapting its business model to the proliferation of smart cars, alongside plans to introduce new engines and solid-state batteries in the coming years.
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