A Toyota electric car logo is pictured at the exhibition stand of Renault during the second media day of the 80th Geneva Car Show at the Palexpo in Geneva March 3, 2010. REUTERS/Valentin Flauraud/Files
TOKYO: Toyota Motor Corp aims to have half of its global sales from electrified vehicles by 2025, five years ahead of schedule, and said it will tie up with Chinese battery makers to accommodate an accelerated shift to electric power.
The change illustrates both the breakneck growth in the electric vehicle (EV) market – which is transforming the global auto industry – and an acknowledgment by Japan's top automaker that it may not be able to meet demand for batteries on its own.
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