2024-01-25 08:46:00 ET
Summary
- Toyota resists pressure to create battery-electric vehicles and argues that reducing carbon emissions requires more than just BEVs.
- Toyota is investing $8 billion in an electric vehicle battery manufacturing plant in North Carolina as part of its push to electrify its lineup.
- Toyota's newest entry in the U.S. market is the third-generation GX large SUV, which aims to compete with Jaguar/Land Rover's Defender.
- Shares look fully valued, remain a BUY for long-term investors.
Toyota Motor Corporation ( TM ) expends prodigious time and energy explaining why it won't be rushed into creating battery-electric (BEV) versions of all its models, in the manner of all-electric, zero emission strategies under way at General Motors (GM) and Ford Motor (F) , its top two rivals in the U.S. market....
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For further details see:
Toyota's Measured Adoption Of Battery-Electrics (BEVs) Reflected By Newest Lexus Model