Toyota Is Rethinking Its EV Strategy

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A carmaker is delivering the BZ4X in Japan exclusively through a leasing subsidiary. The head of that subsidiary said it would not meet the sales target in the first year nor the following year. Toyota has pledged before to invest $35 billion in the shift to electric vehicles by 2030. Germany's biotech company behind Pfizer's massively successful COVID vaccine is leaning into artificial intelligence. Global Energy Giant Shell has a new CEO, Wail Sawan took the helm after 25 years at the company.

UK staffers fired by Twitter claim their dismissals were conducted unlawfully, BioNTech has agreed to buy UK artificial intelligence start-up InstaDeep, and Toyota is confronting an “unprecedented” challenge to revive its electric vehicle sales. Plus, the FT’s Tom Wilson chats about the challenges facing Shell’s new chief executive, Wael Sawan.

Mentioned in this podcast:

Twitter hit with legal challenge from former UK staff

Toyota leasing unit warns of ‘unprecedented’ challenge to boost EV sales

BioNTech buys UK AI start-up InstaDeep in £562mn deal

Wael Sawan, the Shell lifer taking helm to navigate energy transition

Virgin Orbit shares sink after rocket ‘anomaly’

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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