Why Cathie Wood's ARK Remains Unimpressed By Toyota's EV Strategy
Portfolio Pulse from Anan Ashraf
Ark Investment Management expressed skepticism on Toyota Motor Corp's new electric vehicle (EV) strategy, stating that it does not appear poised for mass market success. Toyota's strategy involves the use of solid-state batteries, aiming for a range of 620 miles by 2027, which is a five-year delay from the original forecast.
June 21, 2023 | 8:15 am
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Ark Investment Management is skeptical about Toyota's EV strategy, which may not be poised for mass market success due to solid-state battery delays.
Ark Investment Management's skepticism about Toyota's EV strategy could negatively impact the company's stock price in the short term. The delay in solid-state battery implementation and doubts about mass market success may cause investors to question the company's ability to compete effectively in the EV market.
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