Toyota valuation doubles in new CEO's 1st year, nearing Tesla

After hybrid-fueled profit record, Sato set to focus on EV shift and governance

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Toyota Motor has released electric vehicles like the bZ4X but struggles to compete in the field. © Reuters

RYOHEI SHIMIZU and TAKAYUKI YAO, Nikkei staff writers

NAGOYA, Japan -- In the year since Koji Sato took the wheel as Toyota Motor's president and CEO, the Japanese automaker reached new highs in valuation and earnings while also grappling with quality control scandals at group members.

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