Toyota: Its performance in the Chinese market is crucial for leading the company's transformation

2023-04-24

Toyota Motor Company President Hiroshi Sato recently stated in an interview with foreign media in Tokyo that the Chinese automotive market is a world leader in electrification and intelligence, and its performance in the Chinese market is crucial for leading the company's transformation. At the recently opened Shanghai International Auto Industry Exhibition, Toyota launched two bZ series models globally, with plans to launch them in the Chinese market next year. Its hydrogen engine models also appeared on the exhibition stand during the auto show. In Japan, electric vehicles include hybrid vehicles, plug-in hybrid vehicles, hydrogen fuel cell vehicles, etc., while electric vehicles refer to pure electric vehicles that are completely powered by charging. Sato stated that on the one hand, Toyota will effectively promote the popularization of mature electric vehicles, strengthen hybrid vehicle sales in global markets, including emerging markets, and increase plug-in hybrid vehicle options. On the other hand, in the next few years, we will vigorously expand the lineup of pure electric vehicles, and accelerate the development of pure electric vehicles in the context of the continuous development of global carbon neutrality situation and the increasingly fierce competition in the new energy vehicle market. Previously, Toyota announced that it would increase global sales of pure electric vehicles to 1.5 million units per year by 2026 and launch 10 new pure electric vehicle models. Media and experts generally believe that this is an important signal for Toyota, which started relatively late in the field of pure electric vehicles and sold only 24000 units globally in 2022, that it will vigorously develop pure electric vehicles. Sato stated that Toyota will focus on the future and boldly develop the next generation of pure electric vehicles, promote the mass production of commercial fuel cell vehicles, continue to develop hydrogen engine technology currently used in the racing field, deepen cooperation with partners in different industries and countries, and jointly promote the utilization of hydrogen energy and the construction of hydrogen society. In the manufacturing of new energy vehicles, we will provide customers with diversified choices based on the future energy situation and the actual situation of each region. (New News Agency)

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:Xinhua

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