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Toyota to spend $35bn on electric push in effort to take on Tesla – by Eri Sugiura and Leo Lewis (Financial Times – December 14, 2021)

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https://www.ft.com/ Toyota said it will pour $35bn into a shift towards electric vehicles as the world’s biggest carmaker sets itself up for direct rivalry with Tesla and joins other groups in a push for carbon neutrality. It marks a major increase in its electric targets as it aims to sell 3.5m battery-powered vehicles annually by …

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