Q&A: Toyota exec Templin talks goals for "Tesla killer" EVs [Yahoo! Finance]
Toyota Motor Corporation (TM)
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toyota-global.com/investors
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Source: Yahoo! Finance
Mark Templin, Toyota Motor North America's executive vice president and chief operating officer, told The Detroit News in an interview following a $1 billlion U.S. manufacturing announcement last week that his company is preparing to launch some "freaking fantastic" battery-electric vehicles. "I call them Tesla killers," he added. Toyota has been a purposeful laggard on EVs but aspires, according to Templin, to dramatically increase its share of the U.S. market for BEVs. The Japanese auto behemoth's share of the U.S. EV market currently sits at less than 2% but will seek to bring that number up to 15% in the coming years — in line with Toyota's overall U.S. market share. More: Once a slowpoke, Toyota growing EV portfolio amid industry pullback Templin also said that Toyota's latest 10-figure investment announcement to retool machinery at plants in Kentucky and Indiana had little to do with the back-and-forth tariff and environmental policies coming out of Washington. Instead it
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