Toyota Motor, the world’s largest automaker by sales, announced on Monday that it would expand its battery electric vehicle (BEV) line-up in Europe to six models by 2026, aiming to capture more than 20% of the new car market in the region with its zero-emission vehicles. The Japanese company, which has long been a leader…
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Toyota announces plans for full lineup of battery electric vehicles
TOKYO, JAPAN: Shares of Japanese automaker Toyota experienced a significant surge of 5% on Tuesday following the company’s announcement that it will introduce a complete range of battery electric vehicles (EVs) featuring “next generation” batteries starting in 2026. Toyota’s new EV unit, called BEV Factory, which was established in May, will be responsible for the…