TOYOTA CITY, Japan : Toyota shareholders gather on Wednesday for its first annual general meeting under new CEO Koji Sato, a day after the Japanese automaker rolled out an ambitious roadmap for solid-state batteries and other electric vehicle (EVs) technologies.The announcement could help the world's top
TOYOTA CITY, Japan : Toyota shareholders gather on Wednesday for its first annual general meeting under new CEO Koji Sato, a day after the Japanese automaker rolled out an ambitious roadmap for solid-state batteries and other electric vehicle technologies.
The Japanese giant has become a target in recent years for activists and green investors who say it has been slow to roll out EVs. Toyota is taking a multi-pathway approach toward carbon neutrality that includes hybrids and fuel cells, along with standard EVs. The roadmap detailed on Tuesday showed that under Sato, who took over from Akio Toyoda, the grandson of the founder who became chair in April, Toyota has adopted much of a revamp that engineers and planners have been developing as options for months.
It also said it would use Giga casting to cut production costs, adopting an innovation pioneered by Tesla using massive, aluminium casting machines to reduce vehicle complexity.Interest in the EV pivot could overshadow the challenge from the European investors, who say they want greater disclosure on its climate-related lobbying.
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