Toyota To Launch Advanced Autonomous Electric SUV In China Next Year: Report
Portfolio Pulse from Shivani Kumaresan
Toyota Motor Corp. (NYSE:TM) is set to launch its first electric vehicle with advanced autonomous driving in China next year. The Bozhi 3X SUV will feature advanced driving assistance for urban and highway settings. Toyota is also collaborating with Momenta Global and Huawei Technologies for future projects. Despite a recent sales drop, Toyota aims to enhance its market share in China with new technologies and cost reductions.
June 28, 2024 | 1:33 pm
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Toyota is launching its first electric vehicle with advanced autonomous driving in China next year. The Bozhi 3X SUV will feature advanced driving assistance for urban and highway settings. Toyota is also collaborating with Momenta Global and Huawei Technologies for future projects. Despite a recent sales drop, Toyota aims to enhance its market share in China with new technologies and cost reductions.
The launch of an advanced autonomous electric SUV in China is a significant step for Toyota, aiming to capture a larger market share in a competitive market. Collaborations with Momenta Global and Huawei Technologies further strengthen its technological capabilities. Despite recent sales drops, these initiatives are likely to positively impact Toyota's stock in the short term.
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