Toyota is scraping its plans to launch a next-generation luxury EV, the Lexus LF-ZC electric sedan, which was expected to enter production later this year with advanced new batteries that would delivery significant range improvements, and a dedicated platform.
The model was planned to use the gigacasting production technique that would split the vehicle body into three parts, front, center, and rear, to cut costs.
On paper, this car would have been brilliant, but like many Toyota promises over the years, it’s not going into production. In model terms, Toyota promises much but delivers so little. Toyota is the latest Japanese automaker, following Honda and Nissan, to discontinue development of a major EV project, blaming changing market conditions.
Source: Electrek: Read The Article
PSR Analysis: While Japanese automakers continue to delay the inevitable shift to electric by cancelling projects, Toyota will likely fall even further behind Chinese brands, which own nearly every aspect of its supply chain. PSR
Guy Youngs is Forecast & Adoption Lead at Power Systems Research
