'People Are Finally Seeing Reality' - Toyota Motor Chair On The Complex Road Of EVs: Report
Portfolio Pulse from Nabaparna Bhattacharya
Toyota Motor Corporation's Chairman, Akio Toyoda, has emphasized the challenges in the electric vehicle (EV) sector, including a dip in U.S. demand and a shift towards hybrid vehicles. He also highlighted the company's strategic shift towards EVs, with the debut of the next-generation Battery Electric Vehicle (BEV) concept car LF-ZC and the BEV flagship model LF-ZL. These are part of the forthcoming next-generation Lexus BEV lineup, due for market launch in 2026. Toyota's shares are trading lower by 1.08% in the premarket to $173.28.
October 26, 2023 | 12:09 pm
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Toyota's Chairman has highlighted the challenges in the EV sector and the company's strategic shift towards EVs. This comes as Toyota's shares are trading lower by 1.08% in the premarket.
The Chairman's comments about the challenges in the EV sector, including a dip in U.S. demand, could potentially impact investor sentiment and the company's stock price. Additionally, the company's strategic shift towards EVs, including the debut of new models, could also influence the stock price. The fact that the company's shares are trading lower in the premarket suggests that the market may be reacting to these factors.
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