According to media, Toyota, one of the world’s largest automakers, is planning to invest 4 trillion yen ($35 billion) to build a full lineup of 30 battery-powered electric vehicles by 2030.

    The company also aims to increase global sales of battery electric vehicles by 3.5 million units a year by the end of the decade, said CEO Akio Toyoda last Tuesday.

    Most of Toyota’s current electric vehicle sales are hybrid EVs that are powered by a combination of an internal combustion engine and battery-operated electric motors.

    Toyota also plans to invest another 4 trillion yen in other types of electric vehicles, including hybrid cars, plug-in hybrids and fuel-cell electric vehicles, which use hydrogen as a power source.

    About Toyota

    Toyota Motor Corporation, is a company that is simultaneously listed on the Tokyo Stock Exchange, the Nagoya Stock Exchange and the New York Stock Exchange.  Its Headquarters are located in Toyota City, Aichi Prefecture, Japan, and Bunkyo Ward, Tokyo. The founder is Toyota Kiichiro (1894-1952) and the current president is Akio Toyoda.

    On the ranking of “The First Daguan · Keweiwei World Brand Value Top 900" released on March 14, 2021, Toyota's brand value was 657.371 billion RMB, ranking the 28th. 

作者：Nan