Toyota's EV Strategy and Board Endorsed by Shareholders, Despite Climate Resolution Rejection.
TL;DR Summary
Toyota's shares hit a 16-month high after shareholders voted to retain Akio Toyoda as chairman and endorsed the company's board and new EV strategy. Shareholders rejected proposals for greater disclosures on the automaker's climate lobbying and voted in favor of all 10 proposed members of the board. Toyota plans to introduce a full lineup of battery electric vehicles with "next generation" batteries from 2026 and aims to achieve sales of 1.5 million all-electric vehicles per year by 2026 and 3.5 million annually by 2030.
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- Toyota shareholders vote down climate resolution, back board By Reuters Investing.com
- Toyota investors are calling for the board chair’s ouster over the Japanese carmaker’s slow move to EVs Yahoo Finance
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