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Toyota Motor Corp. (TM) shares are progressing more than 5 percent on Tuesday morning trade after unveiling EV technologies. At the Toyota Technical Workshop with the theme 'Let's Change the Future of Cars' Toyota's Executive Vice President and Chief Technology Officer Hiroki Nakajima announced its technology strategy and transformation into a mobility company through electrification, intelligence, and diversification approaches.
Comments and hours of presentations at a technology briefing contrasted with years of Toyota executives speaking cautiously about how quickly car buyers will be ready to go all-electric.
Toyota Motor Corp
will introduce 10 new battery-powered models and target sales of
1.5 million EVs a year by 2026, aiming for steep growth in a
market where it has long been lapped by rivals. . | April 7, 2023