The companies didn't announce any timelines, but Toyota could be setting the stage for future vehicle announcements, be it EVs or gas-powered cars.

Toyota announced a cooperative effort to test the self-driving capabilities of Waymo. Waymo reported 4 million fully autonomous rides last year in the U.S., quadrupling its total before 2024. Driverless taxis now operate in Austin,

Toyota Motor Corp. and Alphabet Inc.’s Waymo will explore collaboration on autonomous-driving technology, a potential boost to the Japanese carmaker’s efforts to catch up to the cutting-edge systems offered by major rivals.