Exclusive: Toyota sees new business opportunity in leveraging hybrid tech

TOYOTA CITY - The head of Toyota Motor Corp’s electric vehicle business told Reuters the automaker has received enquiries from more than 50 companies since announcing last week that it would offer free access to patents for EV motors and power control units.

Supplying rivals would greatly expand the scale of production for hardware such as power control units and electric motors that are used in gasoline-electric hybrids, plug-in hybrids, fully electric vehicles and fuel cell vehicles, he added. Toyota’s internal goal is to sell 5.5 million electrified, Toyota-brand vehicles annually by 2030, up from about 1.6 million vehicles now, he said.

In the last 20 years, Toyota has managed to dominate the global market for hybrid cars by constantly improving and lowering the cost of the technology it pioneered in the Prius - and keeping this expertise a closely guarded secret. Roughly 15 percent of Toyota’s annual global sales are hybrids, including the Corolla and the RAV4. Last year it sold 1.6 million hybrids globally, more than the 1.3 million all-battery EVs sold by Tesla Inc, Nissan Motor Co and all other automakers combined.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Exclusive: Ford likely to end independent India business with new Mahindra deal - sourcesFord Motor Co is nearing a deal with Mahindra & Mahindra to form a new joint-ven... adityakalra aditishahsays RockyRidgesPal
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »

Japan’s Golden Week could provide opportunities for currency traders, but business as usual for bond investorsFor yen investors, fluctuations in the currency have traditionally been correlated with equity markets and the broad industry sentiment. As risk appetite falls, investors flock to haven-related assets such as the Japanese yen.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Exclusive: Foreign insurers gear up to tap China's $1.6 trillion pensions business - sourcesForeign insurers including Generali and Prudential Plc are in early talks with a... rip So they can lose all China’s pensions like they did everywhere else Life insurance is a scam. Phony business. Average life span is +70 yrs. The organised loot covers people up to 60-65 years; latter less.
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »