NAGOYA, Japan -- Toyota Motor plans to triple electric vehicle production in 2025 from its 2024 plan, Nikkei has learned, as the automaker steps up its electrification push to catch up to rivals including Tesla and BYD.
Automobiles
Toyota to triple EV output as it chases Tesla, BYD
Automaker notifies parts suppliers of plans to produce 600,000 units in 2025
Toyota sold just 24,000 EVs worldwide in 2022. (Photo by Kazuhiro Noguchi)
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