Shulou(Shulou.com)11/24 Report--

According to foreign media reports on April 24, Toyota will focus on developing local production and local supply chains in China and the United States to promote sales of electric vehicles.

Toyota has long seen hybrid technology as the best way forward and has invested heavily in hydrogen technology, leaving the company lagging behind in its transition to electric vehicles. However, the company seems to have realized the potential of pure electric vehicles in the auto industry.

In 2021, Toyota announced plans for electric vehicles. But in late October 2022, sources revealed that the company was considering restarting its electric vehicle strategy to better compete in the fast-growing electric vehicle market.

In December 2022, foreign media reported that Toyota would change its electric vehicle strategy to compete with industry leaders Tesla and BYD.

In February this year, foreign media reported that the company had set a goal of providing about 70 electric vehicles worldwide by 2025 and selling about 3.5 million pure electric vehicles by 2030.

Earlier this month, the company announced the launch of 10 new pure electric vehicles, with a goal of selling 1.5 million pure electric vehicles by 2026.

According to foreign media reports, part of Toyota's growth strategy includes localization in China and the United States. On Friday, Toyota's new chief executive, Koji Sato, promised to strengthen the local supply chain of electric vehicles in China. "in China, it is very important to improve the speed of pure electric vehicles from development to production," he said. "

In addition, he said: "in regions such as China and the US that accelerate the transition to pure electric vehicles, we need to boldly localize production."

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.