Toyota is expected to outline adjustments to its electric-vehicle strategy to key suppliers early next year, as it races to narrow the gap on price and performance with industry leaders Tesla and BYD, two people with knowledge of the work said.
Toyota is expected to outline adjustments to its electric-vehicle strategy to key suppliers early next year, as it races to narrow the gap on price and performance with industry leaders Tesla and BYD, two people with knowledge of the work said.
The moves are an adjustment for many automakers and suppliers that were concerned about the tariffs. Some say the tariff revisions fall short of protecting suppliers.