Highlights of Sato Remarks

• Toyota aims to reduce new-vehicle CO2 emissions by more than 50% globally by 2035.
• Toyota will continue to provide regionally optimal solutions at an accelerated pace without wavering from our multi-pathway approach.
• Battery electric vehicles (BEVs), Toyota set selling 1.5 million units by 2026 as “base volume,” and we plan to launch 10 models ranging from luxury vehicles to compacts and commercial vehicles, mainly in the United States and China.
• New models scheduled for launch in 2026 will be built on three new platforms: the body and chassis, the electronic platform, and the software platform.
• Toyota aims to achieve mobility by way of a new vehicle packaging with a rational structure that is unique to BEVs.
• Toyota is accelerating the new dedicated organization “BEV Factory.”
• BEV Factory concept vehicles will debut at the Japan Mobility Show this autumn.
• Toyota is also accelerating efforts to realize a hydrogen society in the commercial domain, especially in Europe and China, where hydrogen consumption is particularly high, centered on fuel cell electric vehicles.
• Toyota will focus on the use of hydrogen energy for personal mobility and on the cycle of producing, transporting, and using hydrogen, and we will conduct activities for the development of social infrastructure, including through social implementation in Thailand.
• In Asia and emerging markets Toyota wants to grow 30% or more by 2030 focusing on hybrid electric vehicles to capture market growth.
• “To transform automobiles into a mobility industry, we will further increase our current approximately 3 trillion yen in R&D expenditures and capital investment, while increasing the ratio of future investment to achieve sustainable growth.”