Toyota targets production of 1.5M EVs annually by 2026

Toyota is ramping up its battery-electric vehicle efforts under the leadership of new CEO Koji Sato, who took over from Akio Toyoda on April 1. Toyoda, the grandson of Toyota founder Kiichiro Toyoda, is currently the chairman of Toyota. In a presentation on Friday, Hiroki Nakajima, Toyota’s chief technology officer, said the company is targeting…