Toyoda Gosei Co.’s President Naoki Miyazaki says it is time to reposition the parts maker for a high-tech era in which customers are clamoring for autonomous driving systems and electrification. Miyazaki, sees potential in evolving Toyoda Gosei’s product lineup and tapping sales beyond its traditional go-to customer and top shareholder, Toyota Motor Corp.
The supplier, which operates as a network of 67 group companies in 18 countries and regions, is pursuing a business plan it calls TG 2020 Vision. The three main goals are to create products that help popularize hybrids, plug-in hybrids, electric vehicles and low-cost compact cars; to “take the lead in the global lighting market” by perfecting its line of LED technologies; and to develop technologies to help reduce dependence on oil.
The company revealed that, they are currently developing sustainable technology that can deal with high levels of autonomous driving. The general belief is that by 2025, the company can produce complete systems for autonomous driving.