Toyota Aims to Produce 600,000 EVs in 2025

Saturday, 23 September 2023, 06:31:09
Toyota Motor Corp. plans to increase its production of electric vehicles to around 600,000 in 2025, more than three times the number of units expected to be produced in 2024, it has been learned. The automaker plans to expand its production capacity for EVs in stages to reach its target of selling more than 1.5 million vehicles worldwide, according to sources. Toyota plans to begin producing an electric sport utility vehicle in 2025 at its Kentucky plant in the United States. With the popularity of SUVs in the U.S., the move is expected to help the carmaker increase its EV sales. Toyota sold about 38,000 EVs in fiscal 2022 and is aiming to sell about 202,000 in fiscal 2023. The company intends to invest more in EVs while increasing its profitability through a broad production strategy, which includes gasoline-powered and hybrid vehicles.
— Yomiuri Shimbun

Is Toyota finally picking up EV production pace this time?

Saturday, 23 September 2023, 00:02:07
Despite a slow start, Toyota plans to accelerate electric vehicle output over the next several years. The Japanese automaker aims to triple EV production of Toyota and Lexus brand models in 2025 as The post Is Toyota finally picking up EV production pace this time? appeared first on Top Tech News .
— Top Tech News

FPX Nickel inks battery supply chain MoU with Japanese companies

Friday, 22 September 2023, 20:49:54
(Kitco News) – FPX Nickel (TSX-V: FPX) (OTCQB: FPOCF) announced Friday that on September 21, it signed a non-binding memorandum of understanding (MoU) with Japan”s JOGMEC and Prime Planet Energy & Solutions (PPES), a JV between Toyota and Panasonic.
— KITCO

Toyota to ramp EV production speed; aims for 600K units in 2025

Friday, 22 September 2023, 17:07:04
https://www.investing.com/news/stock-market-news/toyota-to-ramp-ev-production-speed-aims-for-600k-units-in-2025-432SI-3180723
— Investing.com

Toyota Charges Forward – Aiming 600K EV Production By 2025: Report

Friday, 22 September 2023, 16:16:09
Toyota Motor Corporation (NYSE: TM ) will reportedly speed up the production of electric vehicles of its Toyota and luxury Lexus brands . The Japanese auto behemoth was likely to step up production of battery-powered vehicles over the coming years to reach an annual output of more than 600,000 vehicles in 2025, Reuters said in a news report citing Nikkei newspaper. The … Full story available on Benzinga.com
— Benzinga