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<blockquote data-quote="Weather Man" data-source="post: 16497206" data-attributes="member: 137766"><p><span style="font-size: 22px"><strong>Toyota confident on electrification growth</strong></span></p><p>Sep. 29, 2020 7:41 AM ET|About: <a href="https://seekingalpha.com/symbol/TM" target="_blank">Toyota Motor Corporation (TM)</a>|By: <a href="https://seekingalpha.com/author/sa-editor-clark-schultz" target="_blank">Clark Schultz</a>, SA News Editor </p><p></p><p></p><p>Toyota (NYSE:<a href="https://seekingalpha.com/symbol/TM" target="_blank">TM</a>) <a href="https://in.reuters.com/article/toyota-electric/toyotas-annual-global-electrified-vehicles-sales-could-reach-55-million-by-2025-executive-idINKBN26K0WS" target="_blank">projects</a> that its annual global sales of electrified vehicles could reach 5.5M in 2025, although a formal company target wasn't set.</p><p></p><p>The timeline to reach that level of electrified sales (hybrid, plug-in hybrid, electric, hydrogen fuel cell) is five years earlier than initially planned by the Japanese automaker.</p><p></p><p>Seiya Nakao, chairman and president of Toyota China's engineering and manufacturing, said at an industry conference today that auto electrification was progressing faster than expected.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16497206, member: 137766"] [size=6][b]Toyota confident on electrification growth[/b][/size] Sep. 29, 2020 7:41 AM ET|About: [URL='https://seekingalpha.com/symbol/TM']Toyota Motor Corporation (TM)[/URL]|By: [URL='https://seekingalpha.com/author/sa-editor-clark-schultz']Clark Schultz[/URL], SA News Editor Toyota (NYSE:[URL='https://seekingalpha.com/symbol/TM']TM[/URL]) [URL='https://in.reuters.com/article/toyota-electric/toyotas-annual-global-electrified-vehicles-sales-could-reach-55-million-by-2025-executive-idINKBN26K0WS']projects[/URL] that its annual global sales of electrified vehicles could reach 5.5M in 2025, although a formal company target wasn't set. The timeline to reach that level of electrified sales (hybrid, plug-in hybrid, electric, hydrogen fuel cell) is five years earlier than initially planned by the Japanese automaker. Seiya Nakao, chairman and president of Toyota China's engineering and manufacturing, said at an industry conference today that auto electrification was progressing faster than expected. [/QUOTE]
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