Akio Toyoda explains how Toyota is superior to Tesla

Akio Toyoda explains how Toyota is superior to Tesla

November 7, 2020 0 By autotimesnews

The head of Toyota Akio Toyoda, during a briefing that took place online, called the advantages of the Japanese company over the American concern Tesla.

According to Mr. Akio, the market value of Toyota may be lower than Tesla, while the Japanese company has invaluable experience in the development of over 100 million cars and a powerful production base. “Tesla emphasizes that they use a recipe for automotive production, which will be guided by other manufacturers in the future, but Toyota has a real gourmet cuisine, where there is a chef,” said the head of the Japanese corporation.

In particular, he said that by the end of the current fiscal year, Toyota’s operating profit is expected to more than double. According to Mr. Akio, despite the fact that Tesla is ahead of the Japanese concern on the stock market, the American company “does not produce anything worthwhile,” consumers “simply buy a recipe”.

“We are inferior when it comes to the value of shares. However, in the case of products, we have a full-fledged menu, appreciated by consumers, ”said the head of Toyota.

At the same time, he stressed that the American automaker has a lot to learn. For example, no one in the world has so far been able to make such high profits from electric vehicles, software and renewable energy products.

In addition, it was recently noted that the Japanese corporation Toyota will increase the production of fuel cell vehicles by 10 times. It should be emphasized that for the first time such cars began to be mass-produced in 2014.