Toyota Set To Invest Heavily On Electric Vehicles And Artificial Intelligence

Toyota Set To Invest Heavily On Electric Vehicles And Artificial Intelligence

Toyota, often considered a reluctant follower in the electric vehicle race, is making a dramatic U-turn with a hefty investment push into EV development and artificial intelligence. This is a significant shift in strategy for the Japanese giant, which has long advocated for hydrogen fuel cell technology to be the future of sustainable transportation. Spearheading this transformation is Toyota’s CEO, Koji Sato. Under his leadership, the company has recently seen record profits, and now Sato...
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PEVE to change name to TOYOTA BATTERY Co., Ltd. and produce batteries for a wide range of electric vehicles

PEVE to change name to TOYOTA BATTERY Co., Ltd. and produce batteries for a wide range of electric vehicles

PEVE to change name to TOYOTA BATTERY Co., Ltd. and produce batteries for a wide range of electric vehicles As announced by Toyota Motor Corporation (Toyota Motor) on March 5, 2024, Primearth EV Energy Co., Ltd. (PEVE) will become a wholly-owned subsidiary of Toyota Motor. Capitalizing on the technology fostered through our hybrid vehicle battery business to date, we plan to contribute to Toyota Motor’s multi-pathway strategy in the battery business and intend to change our company name to...
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