Toyota Motor Corp is expected to outline adjustments to its electric vehicle (EV) strategy to key suppliers early next year, as it races to narrow the gap on price and performance with industry leaders Tesla and BYD, two people with knowledge of the work said.
Toyota Motor Corporation's bZ Compact SUV is pictured after a briefing on the company's strategies on battery EVs in Tokyo, Japan, December 14, 2021. REUTERS/Kim Kyung-Hoonis expected to outline adjustments to its electric vehicle strategy to key suppliers early next year, as it races to narrow the gap on price and performance with industry leaders Tesla and BYD, two people with knowledge of the work said.
The changes, however, might include delays to some of the EV development programmes originally planned for the three-year period, one of the people said. Toyota said in a statement that it is “always actively discussing and working with key on a variety of topics,” to achieve carbon neutrality. But it said it had no new details to disclose on EV development projects.
The working group has been charged with outlining plans to improve Toyota's EV approach, including considering a potential successor to its new EV platform, e-TNGA. The second stage of Toyota's plan covers the next several years when Toyota has models based on the e-TNGA platform in development, the company has told some suppliers. Adjustments to this phase are the changes likely to outlined to suppliers early next year.
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Exclusive: Toyota to outline 3-year EV plan changes to suppliers -sourcesToyota Motor Corp is expected to outline adjustments to its electric vehicle (EV) strategy to key suppliers early next year, as it races to narrow the gap on price and performance with industry leaders Tesla and BYD, two people with knowledge of the work said.
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