Toyota responds to reports of halting development of the next-generation Lexus electric vehicle

Gelonghui, May 30th | According to Yicai, recent reports state that Toyota will discontinue the development of the mass-production model of its luxury car brand Lexus’s all-electric sedan “LF-ZC.” Toyota has confirmed the news, stating that the reason for halting this model’s development is “part of an adjustment to the company’s overall vehicle development projects, taking into account changes in market demand.” Toyota also emphasized that the company is only making adjustments to the development plans for certain vehicles, and this does not mean abandoning BEV (battery electric vehicles).