Toyota Considers HEV Distribution to Competitors

April 28, 2002 by Jeff Shepard

Toyota Motor Corp. (Tokyo, Japan) announced that it may supply gasoline-electric hybrid vehicles to other automakers as part of its goal to produce 300,000 HEVs a year by 2005, according to a Toyota senior executive. Senior Managing Director in charge of environmentally friendly technology Hiroyuki Watanabe, reported that Toyota had held discussions with other automakers about supplying hybrids to them.

"We are trying to raise the chances of that happening," Watanabe stated, adding that the world's third-biggest automaker had not yet decided whether most of the 300,000 vehicles would be sold under the Toyota brand. No decision has been made and Watanabe declined to identify the other automakers.