Toyota Eyes Cost Cuts, Scale With First of EV-Only bZ Series

Toyota Eyes Cost Cuts, Scale With First of EV-Only bZ Series
The Toyota logo is seen at a booth during a media day for the Auto Shanghai show in Shanghai, China, on April 19, 2021. Aly Song/Reuters
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TOKYO—Toyota Motor Corp. disclosed on Friday the driving range and other specifications of its bZ4X sport utility vehicle (SUV), the first in a series of EV-only models it plans to launch globally to catch up in the electric vehicle market.

The world’s top-selling carmaker has said it will launch 15 battery electric vehicle (BEV) models worldwide by 2025, but so far its plans seem modest compared with those of U.S. automakers such as General Motors Co. and Ford Motor Co.