- Toyota Motor Corp TM has unveiled its first mass-produced battery electric car in Japan, Reuters reported.
- The car is being made available for only lease, a strategy the automaker said will ease driver concerns about battery life and resale value.
- Toyota will lease the bZ4X sport utility vehicles (SUV) at the equivalent of $39,000 for the first four years, the report added.
- It aims to lease 5,000 of the SUVs in the current financial year.
- Gasoline-electric hybrid models are much in demand in Japan compared to electric vehicles (EV).
- The automaker plans to start selling the bZ4X in other markets in late 2022.
- Toyota has committed 8 trillion yen ($62 billion) to electrify its cars by 2030.
- Price Action: TM shares closed lower by 5.64% at $157.06 on Wednesday.
- Photo Via Wikimedia Commons
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
