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Toyota reports improved margins, will accelerate EV development in China

Peng Chen, DIGITIMES Asia, Taipei Tuesday 1 August 2023 0

Toyota's Intelligent ElectroMobility R&D Center in China. Credit: Toyota

Increased vehicle sales helped Toyota's profits in the April to June period. The automaker saw its operating income grow by 93.7% from 2022 to JPY1.12 trillion (US$7.86 billion). In addition, it plans to enhance R&D efforts in China to speed up...

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