Toyota sharpens focus on electric cars through new in-house unit
View of a Toyota logo on a wheel at the Mondial de l'Automobile, Paris auto show, during media day in Paris, France, September 30, 2016.REUTERS/Jacky Naegelen/File PhotoTOKYO Toyota Motor Corp is setting up a new in-house unit to develop electric cars, offering its strongest endorsement yet of a technology it has not embraced wholly, as take up of a rival technology it pioneered remains slow.Japan's biggest automaker said on Thursday it will launch next month a unit that will start with four persons and be responsible for planning a strategy for developing and marketing electric cars to keep pace with tightening global emissions regulations.
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Toyota sharpens focus on electric cars through new in-house unit
A Toyota logo is seen on media day at the Mondial de l'Automobile, the Paris auto show, in Paris, France, September 29, 2016.REUTERS/Jacky Naegelen/File PhotoTOKYO Toyota Motor Corp is setting up a new in-house unit to develop electric cars, offering its strongest endorsement yet of a technology it has not embraced wholly, as take up of a rival technology it pioneered remains slow.Japan's biggest automaker said on Thursday it will launch next month a unit that will start with four persons and be responsible for planning a strategy for developing and marketing electric cars to keep pace with tightening global emissions regulations.
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Toyota kickstarts battery electric development with new venture company
A completely new "in-house venture company" established by the Japanese automaker will take care of the electric vehicle strategy – thus confirming the rumors about Toyota working on battery electrics as well.Toyota has announced the new division as a way of leading its push into accelerating the development schedule – the Japanese are leaders in the hybrid department and are making a push for fuel cell electrics.But everyone else is actually going for battery electrics and Toyota seems to finally be willing to join the fray.
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Toyota to launch new company to develop electric vehicles
Toyota Motor Corp is set to launch a new startup company this December to develop electric vehicles.The company, which is yet to be named, will begin work in two weeks' time with the aim of fast-tracking Toyota EV models to the market.It will be comprised of just four employees but will have access to the tools and information of Toyota's main brand.
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