Back in early 2020, Toyota announced plans to build its own city on the site of its former factory at the base of Mount Fuji. It was to be known as Woven City and would be a home for scientists, inventors, engineers and researchers to develop and test new tech in a real-world environment.

Beginning in fall 2025, 100 residents known as “weavers” will move to the city, with that number expected to expand to 360 during phase one. Eventually, Toyota says, up to 2,000 people will reside in the city. They will primarily be employees of Toyota or Toyota’s Woven by Toyota mobility tech company.

A Toyota research unit will invest in Japanese startup Interstellar Technologies (IST) to support mass production of its rockets, the world's biggest carmaker group said on Tuesday, expanding its foray into the space sector.

Toyota Motor Corp. is investing in a Japanese startup that aims to mass produce lightweight rockets and someday vie with big players for a slice of the growing commercial space industry.

Toyota Motor is exploring the development and production of orbital rockets, Chair CEO Akio Toyoda said Monday.