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Mobility
Toyota bet on hybrids, says first EV lacked competitiveness
Toyota is sticking with a hybrid-led electrification strategy in the United States while expanding its EV lineup, a company executive said. Senior Vice President Cooper Ericksen (Cooper Ericksen) described the EV market response as a roller-coaster and said strategy begins with judging demand. He argued incentives drove many EV sales and said Toyota’s first mass-market EV, the bZ4X, lacked competitiveness. Toyota is maintaining a “multi-pathway” approach covering hybrids, EVs and hydrogen.
Mobility
Sony-Honda EV project scrapped as \'Team Japan\' stumbles on financial strain
Sony Honda Mobility has halted development and launches of its Afeela 1 and 2 electric vehicles and is reviewing its business direction. The decision comes as Honda faces a worsening environment for its EV business after booking losses tied to investment write-downs. The article also flags Toyota’s push to loosen production standards and expand U.S. investment, Volkswagen’s planned additional investment in Rivian, Google’s move to open Android Automotive OS, and intensifying competition in robotaxis and autonomy.
Industry
Platform trio posts improved 2025 results as e-bike keywords emerge
South Korea’s mobility platform industry posted stronger-than-expected results in 2025, with Kakao Mobility, Tmap Mobility and Socar improving operating profit and shifting toward profitability-focused management. The government extended fuel tax cuts by two months and prolonged a temporary auto tax cut until June 30. The article also covers global EV sales growth, updates involving Waymo and Tesla, vehicle and battery developments, and 2025 electric bicycle trends including lighter folding models and new motor technology.