Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Toyota says it will introduce 15 BEVs, expand electric lineup by 2025

Published 19/04/2021, 06:13
Updated 19/04/2021, 06:15
© Reuters. FILE PHOTO: A man walks past a Toyota logo at the Tokyo Motor Show

© Reuters. FILE PHOTO: A man walks past a Toyota logo at the Tokyo Motor Show

TOKYO (Reuters) - Toyota Motor Corp said on Monday it will introduce 15 battery electric vehicle (BEV) models globally by 2025, expanding the automaker's electric vehicle lineup to achieve carbon neutrality before 2050.

The company will increase its number of electric models to around 70 from currently offered 55, it said in a statement.

The new BEV model Toyota bZ series, which was unveiled at the 2021 Shanghai Auto Show on Monday, is aimed for China, the United States and Europe, the carmaker said.

Carmakers around the world are switching to battery-powered vehicles amid tougher emission regulations and growing competition to develop zero-emission vehicles.

© Reuters. FILE PHOTO: A man walks past a Toyota logo at the Tokyo Motor Show

Japan's biggest carmaker also said at the Shanghai Auto Show on Monday it plans to launch more than 20 new energy vehicles in China by 2025.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.