Toyota’s CEO held discussions with Chinese officials amid shifting automotive strategies, including a planned transition of its Highlander model from gasoline to electric power. While the automaker aims to fully electrify the SUV lineup, ongoing production challenges could result in limited stock for dealers in the near-term. The move reflects broader industry efforts to accelerate electric vehicle adoption, though supply chain hurdles remain a critical obstacle. Industry observers are watching closely to see how delays may impact Toyota’s timeline and market positioning.
CEO Jim Farley met with Chinese government officials in early September. Toyota planned a clean swap from gas to electric Highlander, but production delays may leave dealers without inventory for at ...
