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Financial News: Lexus going all-electric

Financial News:

Lexus going all-electric

Lexus

Akio Toyoda, Toyota President announced a $70 billion plan to electrify their lineup which includes making Lexus an all-electric brand by 2035.

Expected is a rollout of 30 battery-electric vehicles launched across Toyota's brands comprising about a third of its global fleet, while hybrids, hydrogen fuel cells and internal combustion engines that burn hydrogen will also be included.

Photo: Lexus declared its EV ambitions with the LF-Z Electrified concept in March 2021. The zero-emission study paves the way for a family of electrified models with the automaker planning to launch no fewer than 10 new or improved models with an electric motor by 2025.

TM

Toyota Motor Corporation
Wed, Jun 29, 22 5:00 PM UTC
Price: $155.46
Volume 2051
Tue, Jun 28, 22 (EOD)
Price: $157.11
Volume 225175

Content ID: 1639500094 Created Tuesday, December 14, 2021 4:41 PM UTC by Aaron Stipkovich, Updated Saturday, December 18, 2021 2:37 AM UTC by Aaron Stipkovich.