Toyota will launch a new start-up company this December to develop electric vehicles (EVs). This company, which is yet to be named, will begin work in two weeks' time with the aim of fast-tracking Toyota EV models to the market. It will be comprised of just four employees but will have access to the tools and information of Toyota's main brand. No timescale for when the first Toyota EV would arrive has been revealed, but Japanese newspaper Nikkei claimed last week that Toyota would bring its first EV to market by 2020.
Toyota EV company launched to develop electric cars | Autocar
Toyota EV company launched to develop electric cars | Autocar