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TMC President Akio Toyoda. "Over the next 100 years, there is no guarantee that automobile manufacturers will continue to play leading roles in mobility. A crucial battle has begun―not one about winning or losing, but one about surviving or dying.

Lutz Stiegler Polestar: Lutz, with over 25 years of experience in technology development within the automotive industry, is joining Polestar from Volvo Cars, where he has held various roles, including responsibility for Volvo’s electric propulsion systems.

Yukihiro Yamashita: The appointment comes following the resignation of Shigetoshi Torii, who served as a Non-Executive Director of the company until July 31, 2023.

Toyota will strengthen development of electric vehicle technology in China, the automaker said on Monday, as it looks to catch up with increasingly tough domestic competition in the world's largest auto market. It recently detailed an ambitious new EV strategy that includes an overhaul of its supply chain and the development of long-range batteries. China was once regarded by foreign automakers as an opportunity for almost boundless growth.