Toyota reveals Tesla-fighting bZ3 electric sedan as it rethinks EV rollout

AutoExec Summary
The bZ3, the second model from Toyota’s new bZ EV brand, has been revealed for the Chinese market and is based on Toyota’s e-TNGA platform. Co-developed with BYD, it uses Blade LFP batteries and is claimed to have a 600km range. However, Toyota’s electrification plans may be overhauled due to a reported suspension of some of its 30 EV projects. This could result in a slower initial roll-out of EVs from Toyota, which originally planned to launch 30 EVs by 2030. The hold is attributed to factors such as Tesla’s cost-cutting success and a quicker global sales rate for EVs.
Brands mentioned: Toyota, Tesla, BYD, Lexus.