TOKYO: Toyota Motor rolls out its first mass-produced battery electric car in Japan on Thursday for lease only, a strategy the automaker says will help ease driver concerns about battery life and resale value but has raised analysts' eyebrows.
Bundling insurance, repair costs and a battery warranty into the deal, Toyota will lease the bZ4X sport utility vehicles at the equivalent of US$39,000 for the first four years. Cancelling in the first 48 months will mean an additional fee. The automaker plans to start selling the bZ4X in other markets later this year, and pre-orders have already started in some European countries."DISPEL ANXIETY"
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Car Car Latest News, Car Car Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Toyota rolls out first battery electric car in cautious debut as rivals go full-throttleTOKYO : Toyota Motor Corp rolls out its first mass-produced battery electric car in Japan on Thursday for lease only, a strategy the automaker says will help ease driver concerns about battery life and resale value but has raised analysts' eyebrows.Gasoline-electric hybrid models remain far more popular i
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Toyota warns annual profit to skid 20% on materials, logistics costsTOKYO :Toyota Motor Corp warned that operating earnings this year could slump by a fifth 'due to unprecedented increases in materials and logistics costs,' on the back of a 33 per cent slide in fourth-quarter profit, sending its shares down more than 5 per cent.Toyota said it expects materials costs to more t
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Toyota to slash production plan, suspend some domestic operation due to COVID-19 lockdown in ChinaTOKYO: Toyota Motor said on Tuesday (May 10) it would suspend operations on 14 lines at eight domestic factories for up to six days in May due to the COVID-19 lockdown in China. The duration will be between May 16 and May 21, the company said, expanding the number of lines and factories affected by pa
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Toyota to make EV parts in India for domestic, export marketsNEW DELHI : Toyota Motor Corp plans to make India a manufacturing hub for electric vehicle parts to meet demand there as well as for export to Japan and some ASEAN countries, a senior company executive told Reuters.The carmaker plans to start by producing e-drives or electric powertrain parts used by diff
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Toyota Alphard Hybrid now available in SingaporeBorneo Motors, the official distributor for Toyota cars in Singapore, has now added the Alphard Hybrid to its local model line-up. The electrified version of Toyota’s large luxury MPV is retailing for $296,888, inclusive of COE. The Alphard Hybrid’s drivetrain consists of a 2.5-litre four-cylinder petrol engine that produces 150hp and 206Nm on its own, along with two electric motors,...
Source: asiaonecom - 🏆 10. / 59 Read more »
Toyota Q4 operating profit skids 33%, misses estimateTOKYO : Toyota Motor Corp on Wednesday reported a 33 per cent fall in quarterly profit, as a sliding yen and solid demand failed to offset the impact of production disruptions caused by a global shortage of chips and China's COVID restrictions. The world's biggest automaker by sales posted an operating p
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »