On September 27, Toyota announced that Woven by Toyota will become a wholly owned subsidiary to accelerate the implementation of software in social systems and vehicles.
Upon entering a period of transition from software development to software implementation, Woven Planet Holdings, Inc. changed its name to Woven by Toyota, Inc. and underwent a corporate reorganization in April 2023.
In addition, a review of the software development structure in the Toyota Group was announced in September. As a result, the three companies of Toyota, Woven by Toyota, and Denso will strengthen collaborative efforts and are restructuring their organizations and human resources across all three companies to enhance the value of mobility through a software-centered approach.
Based on Toyota press release