Koji Sato, the new president and CEO of Toyota Motor, made his first public speech in a live-streamed news conference on Friday afternoon, according to Nikkei Asia. On this occasion, Vice-President Hiroki Nakajima said the company will release 10 new EV models by 2026, which would amount to about 1.5 million vehicles in sales annually.
The president and CEO of Toyota Motor during his speech pledged to pursue electrification “practically,” matching the carmaker’s product offerings to the demands of particular regions.
The world’s top automaker has been performing unimpressively in the fast-evolving industry, most notably lagging in sales of electric vehicles.
