Toyota to spice up EV fashions to fifteen, targets producing 1 million by 2027, Nikkei says
TOKYO (Reuters) – Toyota goals to have about 15 electrical car fashions developed by itself by 2027 and is focusing on manufacturing of about 1 million automobiles a yr by then, the Nikkei newspaper mentioned on Sunday.
Toyota declined to remark, saying the knowledge was not introduced by the corporate.
Toyota has 5 EV fashions developed in-house, manufacturing them solely in Japan and China, the Nikkei mentioned. Increasing manufacturing to america, Thailand and Argentina may help hedge in opposition to tariff and overseas change dangers and reduce supply instances, it added.
The 15 EV fashions embody some below its Lexus luxurious model, the enterprise each day mentioned. Toyota now expects to provide about 800,000 models in 2026, successfully down practically 50% from its authentic plan, Nikkei added.
Toyota has beforehand mentioned it meant to promote 1.5 million EVs per yr by 2026 and three.5 million by 2030, calling the numbers benchmarks for shareholders slightly than targets.
In 2024, it offered virtually 140,000 EVs globally, up by a couple of third from a yr earlier. They accounted for lower than 2% of its whole world gross sales of over 10 million.
(Reporting by Daniel Leussink; Enhancing by Richard Chang)
