Toyota Makes Adjustments To EV Strategy, Unveils Cars Of The Future

[Vernon]

Toyota is overhauling its electric vehicle strategy as it races towards slimming the price and performance gap between its EVs and those of BYD and Tesla. Part of this adjustment includes changing key suppliers by early 2023 as reported by Reuters. The Japanese automaker giant is expected to unveil the details of the planned changes … (read full article...)

 

[Voltaiz]

The first sign of a major shift in Toyota's EV strategy came in December 2021. Mr. Toyoda said Toyota would aim to sell 3.5 million EVs annually by 2030, a big step up from the previous target. The transition is a landmark moment not only in the car industry but in the complicated shift to green energy throughout the business world. EVs are taking growing chunks of the European and U.S. markets, and one fifth of the world’s largest car market, China, already consists of EVs.

 

[Amperix]

Toyota has unveiled a new game plan as part of its electrification process and has reshuffled its executives and reconstructed its management structure too. It is a major shift that is being made to achieve major transformation.