The selection of Mr Sato, currently Toyota’s chief branding officer, as the next chief executive was announced last month. Toyota officials have always said they have BEV technology, which stands for “battery electric vehicles”, or pure EVs. “We have been working on developing BEVs, but the perception may not have reflected that as well,” Mr Sato said. The electric vehicles Toyota offers cannot be just more EVs to keep up with the times, but “must answer the question of what kind of EV Toyota can offer”, he said. With its management reshuffle, Toyota’s chief executive and president Akio Toyoda, who is the grandson of the company’s founder, becomes its chairman.

Source: The Times February 13, 2023 20:51 UTC