The two companies will form a strategic alliance by harnessing their respective strengths and resources, exploring and implementing cooperation with Chinese tech startups focusing on internet and cars, said the German premium carmaker on Friday.
The two co-hosted the first meeting of the committee in Beijing last August.
The two parties will jointly develop sedans and low-floor SUVs as well as the onboard batteries for vehicles with plans to launch them under the Toyota brand in the first half of the 2020s.
The two governments work together bilaterally on several clean energy initiatives such as the US-China Clean Energy Research Center (CERC), and also in multilateral forums like the International Energy Agency and the International Forum for Nuclear Energy Cooperation.
The two leaders charted the course and established principles for their relationship. Xi said cooperation is the only right choice for China and the United States, while Trump said the US stands ready to work with China to eliminate factors and issues that stand in the way of their relations.
The two-day meeting was organized by Chinese Embassy in Kenya, Kenyan Ministry of Transport and Nairobi-based think tank, African Economic Research Consortium (AERC).
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The two-day special session primarily consists of a general debate on Thursday and interactive dialogues with experts, UN agencies and leading scientists on Friday.
The two new dialogues were part of a 10-point consensus reached at the meeting between State Councilor and Foreign Minister Wang Yi and ROK Foreign Minister Kang Kyung-wha in Seoul on Thursday.
The ultra–high-net-worth individual is defined as having a net worth in excess of million, the report said.
The turning point came in 2014, when Li received a call asking if he was still interested to helm the story.