© Reuters. Auto Shanghai show in Shanghai
TOKYO (Reuters) – Toyota Motor (NYSE:) Corp said on Monday it will introduce 15 battery electric vehicle (BEV) models globally by 2025, expanding the automaker’s electric vehicle lineup to achieve carbon neutrality before 2050.
The company will increase its number of electric models to around 70 from currently offered 55, it said in a statement.
The new BEV model Toyota bZ series, which was unveiled at the 2021 Shanghai Auto Show on Monday, is aimed for China, the United States and Europe, the carmaker said.
Carmakers around the world are switching to battery-powered vehicles amid tougher emission regulations and growing competition to develop zero-emission vehicles.
Japan’s biggest carmaker also said at the Shanghai Auto Show on Monday it plans to launch more than 20 new energy vehicles in China by 2025.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.