The article emphasizes the integral role of suppliers in an automaker's success, particularly in the electric vehicle (EV) sector. Japan's biggest suppliers are significantly increasing their investments in EV and self-driving technology, enabling automakers like Toyota to move forward in a rapidly evolving market. Toyota plans to launch up to 15 EV models by 2027, supported by a rise in combined research and development spending from key affiliates, which aims to bolster innovation in these critical areas amidst global competition and market uncertainties.
An automaker can only succeed if its suppliers excel; investments in EVs and self-driving tech by Japan's suppliers are crucial for Toyota's innovation and growth.
Toyota is planning to launch up to 15 EV models by 2027, which is backed by significant investment from its suppliers in research and development, focusing on EVs.
The combined R&D spending from Toyota's affiliates is set to rise over 7% this year, demonstrating a concerted effort towards advancing electric and hybrid vehicle technologies.
Amid tariff uncertainties, Japan's major suppliers are escalating their investments in electric and self-driving technologies, aligning with global trends in automotive innovation.
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