Toyota issues sustainability bonds to fund EV push


Advertisements

Toyota has issued its sustainability bonds under the Woven Planet Bond banner since 2021, the proceeds from which it plans to use to support environmental and social projects, in addition to the aforementioned development and production of electric vehicles.

In 2021, Toyota issued 430 billion yen (RM14.1 billion at today’s rate) in sustainability bonds, and this issuance was split between dollar- and yen-denominated notes.

The Japanese manufacturer announced in May that it will establish BEV Factory, a new outfit dedicated to accelerating EV development and its businesses, the month before having pledged to debut 10 new EVs by 2026. Last month, it held the Toyota Technical Workshop, during which it announced a host of technologies that will support its transition into a mobility company.

Looking to sell your car? Sell it with

You May Like:

2022 BMW M3 Long-Term Road Test: 30 000-Mile Update
2022 BMW M3 Long-Term Road Test: 30 000-Mile Update
From the May 2023 issue of Car and Driver. 40,000-Mile Wrap-Up Speed is an expensive habit, and the more you pay, the more you get. Take our long-term 2022 BMW M3. We could have spent more for the
Spark Of Electric Revolution
Cars have become an integral part of modern society, providing a convenient and comfortable mode of transportation. However, traditional fuel vehicles are notorious for producing harmful exhaust
Audi Q8 etron price features range battery review – Introduction
Audi Q8 etron price features range battery review – Introduction
If effortless long distance cruising in an EV is what you’re after, you can’t go wrong with the Q8 e-tron. It’s just been two years since Audi launched the e-tron in India (although it had been
2023 smart #1 EV makes Malaysian debut at EVx – 66 kWh 440 km range 22 kW AC Q4 launch we drive it!
2023 smart #1 EV makes Malaysian debut at EVx – 66 kWh 440 km range 22 kW AC Q4 launch we drive it!
The smart #1 is the first fruit of the new smart era, and it’s making its Malaysian public debut at the paultan.org EVx 2023 event, which is now open to the public at Setia City Convention Centre.