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Toyota to go 'full-scale' into EVs

Nov. 06, 2016 5:58 PM ETToyota Motor Corporation (TM) StockTMBy: Eli Hoffmann, SA News Editor29 Comments
  • Toyota (NYSE:TM) plans to make a full-scale entry into the electric vehicle market by 2020, expanding beyond fuel-cell and hybrid vehicles, Nikkei says.
  • Toyota will establish an EV development division.
  • Plans to develop EVs that can travel > 300km on a single charge.
  • Plans to boost battery development; may also look to acquire batteries from third parties.

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