From the perspective of new cars, Toyota will debut a pure electric concept car at the Beijing Auto Show. This car represents Toyota’s design concept of electrification and intelligence. It is worth mentioning that this car will be mass-produced and launched within the year, let us look forward to it together. In addition, the Camry and the new Prado (parameters | inquiry) will be equipped with dual-engine technology to showcase Toyota’s latest achievements in the hybrid field.

[Camry 2.5L dual-engine version application drawing]

Among them, Camry is expected to add a 2.5L dual-engine version, which has been declared before. For reference, the Camry currently on sale is a 2.0L dual engine. Judging from the declaration information, the new car will be equipped with a 2.5L naturally aspirated engine paired with a hybrid system. The engine can output a maximum power of 136kW.

The new Prado started pre-sales on February 29 this year, priced at 470,000-570,000 RMB. At the Beijing Auto Show on April 25, high-end models will make their debut and be finalized, and are expected to be officially launched on July 16. At the auto show, we expect to see its 2.4T super hybrid version.

In Intelligent Toyota, Toyota will also have new partners to join. At the same time, the bZ4X ROBOTAXI version jointly launched by Toyota and Pony.ai will also be unveiled at the auto show. On August 4, 2023, Toyota China signed an agreement with Pony.ai and GAC Toyota on the establishment of a joint venture related to self-driving taxis (Robotaxi), and plans to launch prototypes of Toyota brand pure electric vehicles produced by GAC Toyota. Robotaxi vehicles are equipped with the PCS (pre-collision safety system) function of Toyota’s T-Pilot intelligent driving assistance system. They will also give full play to the advantages of Toyota’s TPS (Toyota Production System) and utilize the mature service operation system of GAC Toyota dealers to provide small Ma Zhixing Robotaxi’s completely unmanned safe operation guarantees the safety.

In addition to new energy and intelligence, Toyota will also demonstrate its diversity. For example, the new GR YARiS, which has released official photos overseas, is expected to appear at the auto show to showcase the different layouts of the Toyota brand.

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◆Appearance design:

The front of the car adopts a hammerhead design and is equipped with sharp “4-eye” LEB headlights and an integrated taillight combination. The top and sides of the front of the car, and the left and right independent spoilers at the rear of the car have aerodynamic spoiler designs to reduce wind resistance and provide more stable driving and endurance performance. Equipped with 20-inch wheels, you can choose from all-black or 5 two-tone body colors.

◆Internal space:

bZ4X benefits from the eTNGA chassis and 2850mm wheelbase design. According to the value given by the manufacturer, the distance between the front and rear passengers is 1000mm; the dashboard and many parts of the cabin are wrapped in fiber fabric. At the same time, the panoramic canopy with electric curtains makes the field of vision more open.

The new car is equipped as standard with front heated and ventilated seats and a dual-zone automatic air conditioning system, which can easily adjust the temperature even in different weather or seasons. There are many storage spaces in the car, and the 441L trunk has a foot-operated electric trunk door and is equipped with a two-layer floor, making it more flexible and practical, allowing you and your family and friends to take various equipment with you on your journey anytime, anywhere.

◆Internal equipment:

As Toyota’s first pure electric product, bZ4X is equipped with entertainment equipment and driving technology. It is considered a well-equipped model in the Hong Kong market, including: 7-inch fully electronic instrument and multi-function display, 12.3-inch original light-weight display Touch-screen audio system with wireless Apple CarPlay and original navigation system, original JBL premium audio system with 9 speakers, Qi phone wireless charging device, front radiant heating system, Toyota’s first knob-type gear shift, etc.; among them The 7-inch fully electronic instrument and multi-function display adopt a new layout. From the user’s perspective, it is more convenient to view the instrument while driving.

◆Battery life:

bZ4X uses a driving battery jointly developed and manufactured by Toyota and Panasonic. It has a capacity of 71.4kWh, has a battery cooling function, has a range of 436km, and can be quickly charged from 10% to 80% in 30 minutes. The new electric drive system has a maximum output power of 150kW and a maximum torque of 266N·m. At the same time, bZ4X is also equipped with a brake kinetic energy recovery system.

◆Safety equipment:

bZ4X is equipped with the third generation of Toyota’s active safety system (Toyota Safety Sense 3.0), which adds a driver monitoring system for the first time to monitor the driver’s dynamics with an independent lens and provide active reminders when potential dangers may occur. In addition, the upgraded driving radar and lens have greatly improved monitoring capabilities, allowing the early warning protection system to assist the driver at a longer distance and even perform automatic braking. bZ4X is also equipped with 9 airbags, 8 front and rear parking radars, parking anti-collision assist system, original 360-degree panoramic parking imaging system and other safety equipment as standard. bZ4X is the first Toyota model in Hong Kong to introduce an automatic parking assistance system (Advanced Park).

◆Full text summary:

Toyota’s bZ4X is a preferential price after the “one-for-one” program. The price of 318,000 RMB(tax included) is still much higher than that in the mainland. The “One-for-One” program is a plan launched by the Hong Kong government in April 2018 to promote electric vehicles. Car owners who dismantle and cancel the registration of their old cars can receive up to HK$287,500 in tax when they subsequently purchase a new electric vehicle. Fee reduction.

The high price of new cars in Hong Kong is closely related to the tax rate, and the tax rate rises step by step. For example, if you purchase a new car with a price of less than 150,000 Hong Kong dollars, the tax rate is 46%; if the car price is less than 300,000 Hong Kong dollars, the first 150,000 Hong Kong dollars will be calculated at a 46% tax rate, and the tax rate for the range of 150,000 to 300,000 Hong Kong dollars will be 46%. Calculated at 86%; if the car price is between HKD 300,000 and HKD 500,000, the portion exceeding HKD 300,000 shall be calculated at 115%. Assuming a Toyota worth 300,000 Hong Kong dollars, the new car registration tax is as high as 150,000 x 46% + 150,000 x 86% = 198,000 Hong Kong dollars. Participating in the “one-for-one” program can reduce all taxes and fees.

However, the “one-for-one” program is about to expire in March next year, and the final price of the bZ4X listed in Hong Kong will be higher than now.

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1. Toyota Motor (China) Investment Co., Ltd.

Recalls a total of 25,734 imported Lexus NX vehicles produced between November 15, 2021, and January 10, 2023.

2. FAW Toyota Motor Co., Ltd.

Recalling a total of 6,213 bZ4X vehicles produced between September 6, 2022, and February 2, 2023.

3. GAC Toyota Motor Co., Ltd.

Recalling a total of 6,159 bZ4X vehicles produced between November 15, 2022 and February 3, 2023.

Due to the improper internal program of the front camera in the safety driving assistance system of the vehicles within the scope of this recall, when the vehicle passes a road with continuously parked vehicles on the side, there may be differences in the target recognition, resulting in safe driving. Auxiliary systems (TSS / LSS+) may reboot unexpectedly. During the restart period, the safety driving assistance system cannot work normally, and there are potential safety hazards.

Toyota Motor (China) Investment Co., Ltd., FAW Toyota Motor Co., Ltd., and GAC Toyota Motor Co., Ltd. will upgrade the internal program of the front camera for free for vehicles within the scope of the recall to eliminate potential safety hazards. Emergency measures: Before the recall for maintenance, if the PCS warning light on the instrument panel is on, please contact the dealer for inspection and repair in time.

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GAC Toyota’s 2022 data: GAC Toyota will produce 1,009,265 units in 2022, a year-on-year increase of 22.6%; cumulative sales of 1,005,000 units, a year-on-year increase of 21.4%. In 2022, the cumulative sales of electrified models will reach 303,175 units, a year-on-year increase of 55.8%.

GAC Toyota stated that it will release and upgrade 12 dual-engine products in 2023 to realize the intelligent electric hybridization of all TNGA models. The bZ pure electric brand will introduce a new model jointly developed by GAC Group, Toyota and GAC Toyota in the future. In addition, GAC Toyota plans to account for 60% of sales of electrified models in 2025 and 100% in 2035.

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Toyota said that with the departure of Akio Toyoda, the company may have the opportunity to turn over a new leaf and move in a new direction. Toyota is reportedly developing a new pure electric vehicle platform to improve the competitiveness and efficiency of its electric vehicles and to reduce production costs.

The decision is part of Toyota’s plan to begin mass production of electric vehicles, as the company expects consumer demand for electric vehicles to increase rapidly amid sharply rising oil prices. Toyota’s new strategy, which is designed to put the company in direct competition with electric vehicle industry leader Tesla, marks a major shift in the company’s electrification strategy, as does Toyota’s announcement of a major administrative reorganization of its management chain of command, the Asahi Shimbun noted.

The announcement had few details but caused a stir when it was made. Many executives praised Akio Toyoda’s dedication to his job and wished him well as he leaves in April, but the brand’s future remains uncertain.

In fact, Toyota’s first pure electric production model, the bZ4X, uses its TNGA modular ICE platform and has not developed a new set of pure electric vehicle architectures.

Previous sources said that Toyota initially intended to use the e-TNGA platform for other pure electric models, but now seems to have changed its mind because it would result in higher manufacturing costs for Toyota’s electric cars than Tesla.

According to the Asahi Shimbun, Toyota internally believes that if it continues to use the e-TNGA platform, it won’t be able to generate significant profits from electric vehicles and compete with Tesla — so it has decided to design an electric vehicle-specific architecture from scratch.

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Toyota has already delivered one all-electric model — the bZ4X, which opens Toyota’s new “bZ” family of pure electric vehicles, and last month brought a new bZ concept car to the Los Angeles Auto Show.

At the Kenshiki Forum, Toyota outlined a more aggressive electric vehicle strategy (at least for Europe) with five new “bZ” models planned, including a small sedan/SUV scheduled for launch next year.

Matt Harrison, President and CEO of Toyota Motor Europe, said

"Overall, we currently have two areas of focus: the first is carbon neutrality and how we plan to achieve this in our business areas; the second is how we will achieve a mobile future as we transition from a manufacturing and sales company to a mobility service provider."

Harrison said they will launch five new bZ models in Europe, starting with a small electric sedan to be launched next year. According to Automotive News Europe, Toyota will also launch an all-electric SUV.

Harrison also revealed that Toyota’s move to expand its bZ models in Europe demonstrates its “clear commitment to pure electric vehicles”; in addition to the three larger models, they also plan to sell other pure electric vehicles overseas over the next three years, including compact SUVs and crossovers.

Of course, the Toyota bZ SUV concept was also on display in Brussels, and a source familiar with Toyota’s products said that a production version of the concept, which could be named the bZ3X, is planned for the compact SUV market in 2025.

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In the new car off-line link, Toyota’s 10 millionth vehicle – a Toyota pure electric SUV model bZ4X successfully rolled off the production line.

As the first pure electric SUV of the Toyota bZ series, Toyota bZ4X was launched on October 25 this year, offering a total of five versions, with a price range of 199,800 to 284,800 CNY.

Toyota bZ4X is based on the e-TNGA exclusive architecture, providing two power forms of front-wheel drive and four-wheel drive, and has four CLTC cruising range options of 400km, 500km, 560km, and 615km.

In addition, data disclosed by Toyota China this month showed that the cumulative sales of Toyota gasoline-electric hybrid models in China exceeded 2 million units.

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Tesla focuses on premium models like the Model Y

Tesla reported a third-quarter net profit of $3.29 billion. By comparison, Toyota’s third-quarter net profit was 434.2 billion yen. Calculated at an average exchange rate of 138:1 between the yen and the U.S. dollar in the third quarter, Toyota’s third-quarter net profit was about $3.15 billion.

Tesla has become one of the most profitable automakers in the world, even as Toyota’s profits have slumped due to some idiosyncratic factors, including rising raw material costs. Although its net profit in the third quarter was lower than that of Mercedes-Benz, it surpassed both BMW and Volkswagen. Tesla’s net profit margin for the quarter was 15%.

Tesla’s high profits are largely driven by the profitability of individual vehicles. Toyota sold 2.62 million vehicles in the third quarter, 7.6 times more than Tesla’s 344,000. But Toyota’s net profit per vehicle is about $1,200, one-eighth of Tesla’s $9,570. Tesla’s net profit on individual vehicle sales is considered industry-leading, even ahead of the likes of Mercedes-Benz. Tesla’s profit per vehicle has grown particularly rapidly since the second quarter of 2021. Investors responded positively. As of Monday, Tesla’s market value was about $622.3 billion, about three times that of Toyota.

Toyota bZ4X Electric Vehicle

The gap is the result of fundamentally different strategies pursued by the two automakers. Toyota offers a wide variety of vehicles, from gasoline-powered to hybrid, electric and fuel cell vehicles, in sizes and prices. By contrast, Tesla is solely focused on electric vehicles. Sales of the Model Y and Model 3, which account for more than 90% of its total sales, have nearly doubled in two years despite relatively high prices. Even the cheaper Model 3 starts around $40,000 in the US.

At the same time, Tesla, confident in its strong brand appeal, did not hesitate to raise prices to pass on higher raw material costs to consumers. The company also started offering its lucrative self-driving software to consumers as an add-on option before its rivals. “The biggest factor behind Tesla’s profit growth is sales volume, followed by price hikes and increased sales of self-driving software,” said Koji Endo, an auto industry analyst at SBI Securities in Tokyo.

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Toyota’s Motomachi plant in Japan restarted production on October 6, but the process of bringing the bZ4X back to market remains difficult, especially in its home market. According to Reuters, the recall isn’t the only reason for Toyota’s bZ4X’s poor sales in Japan.

Japan is the first market in which this electric SUV was launched, and it has been on sale since May 2022.

The bZ4X is exclusively available for leasing in Japan through Toyota’s Kinto division, and has resumed accepting leasing orders on October 26. In a bid to attract interest in the bZ4X, the automaker announced that it will halve the one-time fee for signing a lease contract.

When the electric SUV was launched in May this year, in addition to a one-time application fee of 770,000 yen, Toyota also charged 107,800 yen (about 5,325 yuan) per month for the first four years (10-year contract). rent.

Starting this week, Toyota announced that it will change the application fee to 385,000 yen (about 19,019 yuan), while the monthly fee has dropped by 1,100 yen (about 54 yuan). Customers who register in advance are also eligible for discounts, said Kinto president Shinya Kotera.

“In retrospect, we felt the price was a bit too high, and customers pointed that out,” he said, adding that the bZ4X is now also available for corporate rentals.

Still, a Toyota veteran told Reuters that while the decision was “painful,” it was unlikely to lead to a significant increase in sales.

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The car is built based on the Toyota e-TNGA exclusive architecture, providing two power modes: front-wheel drive and four-wheel drive.

Toyota has also launched an EV vehicle leasing program to provide a one-stop butler service, which is first promoted in 14 cities. Customers only need to pay the monthly rent to easily use the car, without having to deal with a series of applications such as licensing, insurance, maintenance, and accident repairs. Car trivia, future car replacement and upgrade without the worry of second-hand car disposal.

The new car adopts a hammerhead shark-shaped front face and is equipped with flat intelligent LED headlights. The overall lines are relatively sharp, and the rear is also equipped with a huge diffuser. The sports style of the vehicle is obvious.

In terms of body size, the new car has a length, width and height of 4690/1860/1650mm and a wheelbase of 2850mm. It is positioned as a compact SUV and is basically the same level as the Volkswagen ID.4 series.

The interior of the car is also very unique, especially the hierarchically designed instrument panel and floating central control screen, which is refreshing and indifferent. It still retains more physical buttons, which strengthens its practical attributes.

In terms of power, the new car will provide two types of power, front-wheel drive and four-wheel drive. The front-wheel drive version has a maximum motor power of 150kW (204Ps), a peak torque of 266N m, and a 0-100km/h acceleration of 7.5 seconds. The CLTC condition has a comprehensive range of 615km.

The four-wheel drive version has a maximum power of 160kW (217Ps), a peak torque of 337N m, a 0-100km/h acceleration of 6.9 seconds, and a comprehensive range of 560km under CLTC conditions.

Of course, like the sibling model, the roof version is also equipped with a solar charging dome, which can absorb energy for about 1,800km per year, or about 5 kilometers per day.

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