Toyota Plans to Cut Global EV Output Forecast for 2026, Nikkei Reports
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Dow Jones
--Toyota Motor plans to cut its global electric-vehicle output forecast for 2026 to 1 million cars, about 30% lower than its previous forecast, the Nikkei business daily reports.
--The figure appeared in Toyota's notification to parts suppliers, according to the Nikkei report.
--Toyota's decision to cut EV production was prompted by a slowdown in the global EV market, Nikkei adds.
--In response to the Nikkei report, Toyota said it still aims to produce 1.5 million EVs in 2026. The figure is a guideline, not a target, the automaker said.
Full story: https://shorturl.at/mwmC9
(END) Dow Jones Newswires
September 06, 2024 04:38 ET (08:38 GMT)
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