May 8, 2024, 6:13 PM
May 8, 2024, 5:03 AM
Toyota reports significant profit increase, plans to invest in electric vehicles
- Toyota's annual profit doubled to 4.9 trillion yen, driven by strong vehicle sales and favorable exchange rates.
- The company plans to invest in various types of electric vehicles, including battery EVs, plug-ins, and fuel cell models.
- Despite a forecasted 20% profit decline for the current financial year, Toyota's multi-pathway strategy is showing promising results.
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