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.

Toyota has wrapped up the first phase of its futuristic city, dubbed Woven City, in Japan after three years of construction, chief executive Akio Toyoda said on the sidelines of the CES technology trade fair in Las Vegas.

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.