April 3, 2020; Toyota City, Japan:

Toyota Motor Corporation, Chubu Electric
Power Co., Inc., and Toyota Tsusho Corporation concluded an agreement today to
establish Toyota Green Energy LLP for the purposes of obtaining and managing
renewable energy sources in Japan and supplying electric power from renewable
energy sources to the Toyota Group in the future.

Toyota aspires to move toward a society
where people, automobiles, and nature can coexist in harmony. With ‘Toyota
Environmental Challenge 2050’, the company plans to reduce the environmental
impact from automobiles to as close to zero as possible and at the same time
engage in activities that contribute to the global environment and society. The
clean energy to be supplied through this business is expected to reduce CO2
emissions from plants and other facilities to zero in the future and to
contribute to the realisation of a low-carbon society.

Chubu Electric Power has been increasing
the use of renewable energy in its drive to expand the scope of ESG management
and contribute to resolving issues relating to SDGs. By participating as a
business partner in the activities of the Toyota Group to create a low-carbon
society, the company will contribute to improving Japan’s energy
self-sufficiency rate and reducing CO2 emissions.

Toyota Tsusho has engaged in the renewable
energy business for more than 30 years, from development to operation of power
stations, with a focus on wind power and solar power generation. The company
plans to make use of its expertise in management of such business in this
project in order to foster the transition to a low-carbon society.

Going forward, Toyota Green Energy will
achieve sustainable and competitive energy by maintaining sustainable practices
through cost reductions and extending the lifespans of and replacing existing
facilities.