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Report Suggests Toyota Is Revising EV Strategy

As Toyota competes to close the gap with auto sector leaders Tesla and BYD in terms of performance and pricing, it is anticipated to make some adjustments to its EV strategy in the coming years, through 2026. Individuals who are familiar with the process said this while communicating with their major suppliers.

Toyota has long been searching for strategies to help the company compete with the anticipated electric vehicles on the…

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