Reuters was first to report Toyota is considering a reboot of its electric-car strategy to better compete in a booming market, and has halted some work on existing electric vehicle (EV) projects. The proposals under review, if adopted, would amount to a dramatic shift for Toyota and rewrite the $38-billion EV rollout plan the Japanese automaker announced last year to better compete with the likes of Tesla.
Automotive
24 October 2022, 5:41 pm. 1 minute
Article Tags
Topics of Interest: Automotive
Type: Reuters Best
Sectors: Business & Finance
Regions: Global
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
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