Toyota Cancels Lexus Electric Saloon Project Amid Slowing EV Market Growth
Toyota is canceling the development of a planned electric saloon for its luxury brand Lexus due to slowing momentum in the global EV market. The company will instead focus on SUVs and other body styles, while continuing work on gigacasting technology and solid-state batteries.
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Topics: EV market gigacasting technology Lexus EV project cancellation