Toyota delays US electric car plans
Investors weren't keen on news of a production delay and a multimillion-dollar investment in an air taxi company.
Japanese automobile manufacturer Toyota will not begin producing electric vehicles at its U.S. factories in 2025 as planned, postponing production until the first half of 2026.
Toyota's hydrogen engine blends combustion power with zero emissions, reshaping the future of green transport.
BWM recently announced a partnership with Toyota to introduce the first BMW hydrogen fuel cell vehicle by 2028.
Add Toyota to the list of automakers dialing back its electric vehicle initiatives, the first Japanese company to do so.