Toyota needs to match Tesla's design and manufacturing innovations to drive down production costs and turn its EV business into a higher margin one.
E-TNGA can't, however, provide the cost savings Tesla has managed with its massive Giga Press casting machines and other manufacturing innovations.
Sato, Toyoda's hand-picked successor, recently attended an internal presentation that focused on the need for a dedicated battery-electric platform, a more competitive system to manage heatby the battery as well as other innovations influenced by Tesla's playbook, according to a third person. Several projects that were supposed to take advantage of the e-TNGA platform are now being delayed or cancelled, a separate person said.Under former CEO Akio Toyoda, the founder's grandson who became chairman on April 1 when Sato took the top job, Toyota saw global demand for battery electrics outstrip its modest estimates.
Environmentalists and investors also have been increasingly vocal about the need for Toyota to move faster.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Toyota looks to overhaul EV strategy as new CEO takes chargeAfter making sweeping changes to its leadership team, Japan's Toyota Motor Corp is looking at a factory floor overhaul as it maps out a move to a new, dedicated platform for battery electric vehicles, four people familiar with the matter said.
Read more »
2024 Toyota Tacoma TRD Pro Teaser Confirms Electrified i-Force Max Powertrain | CarscoopsIn the Toyota Tundra, the i-Force Max hybrid powertrain delivers 437 hp and 583 lb-ft of torque
Read more »
2023 Toyota Highlander review | Car Reviews | Auto123We review the 2023 Toyota Highlander, a model now available in hybrid version. We're looking forward to the plug-in Highlander.
Read more »
Toyota Highlander 2023 essai routier | Essais routiers | Auto123Nous mettons à l’essai le Toyota Highlander 2023, modèle maintenant offerte en version hybride. On attend la version rechargeable avec impatience.
Read more »
Volkswagen Has No Plans For New ICE Golf Beyond Current Model: CEOThomas Schaefer said Volkswagen will use the Golf name on a battery-electric vehicle arriving as early as 2028 with Scalable Systems Platform underpinnings.
Read more »
Former Motorcars dealership hands over keys to ‘Toyota Cleveland Heights’With the sale of the last “Motorcars” dealership in the city last month, the new owner Martin Automotive Group has changed the franchise moniker to “Toyota Cleveland Heights.”
Read more »