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Toyota to triple EV output as it chases Tesla, BYD

Summary by Ground News
Toyota Motor plans to triple electric vehicle production in 2025 from its 2024 plan. The automaker notified major parts suppliers of its plans to boost production of Toyota and Lexus brand EVs to 600,000 units in 2025. Toyota sold just 24,000 EVs worldwide in 2022.

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NikkeiNikkei
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Toyota to triple EV output as it chases Tesla, BYD

NAGOYA, Japan -- Toyota Motor plans to triple electric vehicle production in 2025 from its 2024 plan, Nikkei has learned, as the automaker steps up it

·Japan
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Nikkei broke the news in Japan on Friday, September 22, 2023.
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