New Toyota Chief Says He Will Accelerate Shift in EV Strategy

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New Toyota Chief Says He Will Accelerate Shift in EV Strategy
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Toyota’s new CEO is looking to accelerate the auto maker’s push into electric vehicles by introducing new EV-optimized parts and manufacturing methods

TOKYO— Toyota Motor Corp.’s new chief executive said he was looking to accelerate the auto maker’s push into electric vehicles by introducing new EV-optimized parts and manufacturing methods.

Toyota will develop new EVs for its luxury Lexus brand by 2026, and everything in those models will be optimized for EVs including the battery and the manufacturing platform, Koji Sato said at a briefing Monday. Mr. Sato, 53, isa WSJ membership

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