New Toyota CEO Koji Sato has reaffirmed that the Lexus brand will lead the company’s move to battery-electric — from Automotive News:
“The first is business reform starting with next-generation BEVs,” Sato said. “To deliver attractive BEVs to more customers, we must streamline the structure of the car and with a BEV-first mindset, we must drastically change the way we do business.”
The overhaul, he said, will lead off with Lexus, which already has a brand goal of going fully electric worldwide by 2035 and selling 1 million EVs globally in 2030.
But the overhaul will focus on new engineering and new manufacturing for the vehicles in an attempt to give them a uniquely Toyota-brand character as well as make the cost competitive.
Considering Sato’s current position as Lexus president, it was expected the luxury brand would take a leading role as he takes over Toyota. Also announced was the new Lexus leadership, with current Toyota COO Masanori Kuwata taking charge of the Lexus electrification initiative and Lexus Chief Engineer Takashi Watanabe becoming the new Lexus president.