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MarketScreener Homepage  >  Equities  >  Tokyo  >  Toyota Motor Corporation    7203   JP3633400001

TOYOTA MOTOR CORPORATION

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Toyota's luxury Lexus brand plans battery EV launch in 2020

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10/23/2019 | 02:07am EST
Tokyo Motor Show 2019

TOKYO (Reuters) - Toyota Motor's Lexus will launch its first all-battery electric vehicle next year, as the luxury brand races to market a battery-operated car amid growing competition to develop zero-emissions vehicles, the head of the brand said on Wednesday.

At the unveiling of a concept model of a futuristic EV hatchback ahead of the Tokyo Motor Show, he added that the goal is for sales of Lexus electric vehicles, including battery electrics and gasoline hybrids, to outpace sales of the luxury brand's gasoline vehicle models by 2025.

The Lexus model will be Toyota's first full-sized, battery operated passenger car as the Japanese automaker catches up with rivals, including Nissan Motor Co and Tesla Inc , which have marketed battery EVs for years.

"Initially, we will release products in China, North America, and other regions where demand for 'pure' EVs is high," Lexus International President Yoshihiro Sawa told reporters, adding that the brand would announce details for the upcoming model next month.

Global automakers are expanding their vehicle offerings to include more electrified models to comply with tightening global emissions regulations, but demand for more environmentally friendly cars has been growing slowly due to their high price.

(Reporting by Naomi Tajitsu; Editing by Muralikumar Anantharaman)

Stocks mentioned in the article
ChangeLast1st jan.
NISSAN MOTOR CO., LTD. -0.12% 680.7 End-of-day quote.-20.49%
TESLA INC. -0.62% 349.99 Delayed Quote.5.82%
TOYOTA MOTOR CORPORATION 0.13% 7836 End-of-day quote.26.80%
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Financials (JPY)
Sales 2020 30 129 B
EBIT 2020 2 561 B
Net income 2020 2 282 B
Debt 2020 14 867 B
Yield 2020 2,99%
P/E ratio 2020 10,0x
P/E ratio 2021 9,44x
EV / Sales2020 1,23x
EV / Sales2021 1,23x
Capitalization 22 224 B
Technical analysis trends TOYOTA MOTOR CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 8 284,00  JPY
Last Close Price 7 836,00  JPY
Spread / Highest target 27,6%
Spread / Average Target 5,72%
Spread / Lowest Target -26,0%
EPS Revisions
Managers
NameTitle
Akio Toyoda President & Representative Director
Takeshi Uchiyamada Chairman
Koji Kobayashi CFO, Representative Director & EVP
Shigeki Terashi Director & Executive Vice President
Shigeru Hayakawa Vice Chairman
Sector and Competitors
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