Toyota announces its new BEV series, Toyota bZ, in establishment of a full line-up of electrified vehicles

• A concept version of the first model in the series, the Toyota bZ4X, to be unveiled in Shanghai
• 15 BEVs, including 7 Toyota bZ BEVs, will be introduced globally by 2025

1. Toyota intends to contribute to SDGs based on the perspective of "home planet" that responds to environmental issues of global scale above and beyond the concepts of "hometown" and "home country" that the automotive industry has long continued its business in. Toyota intends to fully concentrate on achieving carbon neutrality by 2050, in accordance with the energy and industry policies in different countries.
2. Toyota is establishing a full line-up of electrified vehicles, which has worked in reducing carbon emissions, based on the concept of introducing sustainable vehicles practically to the market. The number of electrified models will reach around 70 by 2025.
3. In establishment of a full line-up of electrified vehicles, Toyota is underway to introduce 15 BEVs, including seven Toyota bZ models, by 2025.
4. Toyota is working together with Subaru Corporation (Subaru) to promote car-making that takes advantage of the strengths of both companies. Toyota hopes to begin worldwide sales of the Toyota bZ4X, a new SUV BEV, by the middle of 2022.

Toyota City, Japan, April 19, 2021―Toyota Motor Corporation (Toyota) announced Toyota bZ, its newly established series of battery electric vehicles (BEVs), in establishment of a full line-up of electrified vehicles, on April 19. At Auto Shanghai, a motor show held in Shanghai, China, Toyota unveiled a concept version of the Toyota bZ4X, which will be the first model in the bZ series.

1. Contribution to SDGs based on the concept of "home planet"
   A challenge on a global scale: achieving carbon neutrality by 2050

In 2018, Toyota announced its intention to transform from an automotive company into a mobility company. Under the common understanding that everyone lives on the same planet, Toyota takes action from the perspective of "home planet," above and beyond the concepts of "hometown" and "home country" that the automotive industry has long continued its business in. The current working generation is responsible for bequeathing this beautiful home to the next generation, as a place where people can live with peace of mind. Under this perspective, Toyota has the "human-centered" philosophy that technology should contribute to people's happiness and health.

By utilizing the strength it has cultivated through "monozukuri (manufacturing)", and by incorporating further technological innovations that expand the possibilities of mobility as it responds to CASE, Toyota seeks to provide services that make freedom of mobility available to all people. The company also aims through its businesses to contribute to the realization of SDGs; among the 17 SDGs, reducing CO2 emissions is a global issue and, in order to achieve this, it is vital that electrification―the "E" of "CASE"―is implemented on a global scale.

Today, countries around the world are declaring their goals in achieving carbon neutrality by 2050. To achieve carbon neutrality in the automotive industry, it is indispensable to integrate energy policies such as renewable energy and charging infrastructure, with industrial policies such as vehicle purchase subsidies, supplier support, and battery recycling systems. It is also necessary to work in collaboration with various stakeholders including governments and industry associations. In the course of our global business activities, Toyota will promote electrification strategies that contribute to reducing CO2 emissions throughout the entire lifecycle of a vehicle, while consulting with governments on how to improve the environment for the promotion of electrification. In addition, we will review and disclose information to confirm our public policy engagement activities are consistent with the long-term goals of the Paris Agreement by the end of this year, and will strive to provide enhanced information disclosure so that as many stakeholders as possible can understand our activities