Toyota, NTT team up on developing smart city platforms

TOKYO (Reuters) - Toyota Motor Corp and Nippon Telegraph and Telephone Corp have agreed to work together on developing smart cities and will invest 200 billion yen (1.55 billion pounds) in each other to cement the relationship, the two companies said on Tuesday.The two companies will develop a data platform which will compile and analyse information from homes, vehicles, and public institutions, which will be used to create new services focusing on transportation, health, and energy usage.Under..