Newly appointed COO Sinead Kaiya is charged with making growth and sustainability a reality at Toyota Motor's autonomous-driving technology unit.

Auto suppliers in Japan are confronting a dilemma as the industry pivots away from the combustion engine: Either make the shift too, or find new business.

The 50-50 company will be established this year with the goal of starting EV sales and providing mobility services in 2025. The deal is still subject to regulatory approval.

Tesla is working with suppliers, including partner Panasonic, on a bigger cylindrical battery cell to increase efficiency and reduct cost. In fact, Tesla is already making some of the 4680 cells on its own.

Mercedes-Benz will source 70 percent of its energy needs for production through renewable energy by 2030 by rolling out solar and wind power projects at its plants and through power purchase agreements.