Toyota’s New Hail Mary in the EV Race

Toyota just unveiled…

Its brand-new battery roadmap as it looks to secure its spot in the EV race.

After discovering a so-called “technological breakthrough”…

Toyota’s new batteries will improve range by 20% and a charging time to 20 minutes.

The company also plans to produce a higher-level battery that will improve range by 50%.

The problem is that mass production is expected for 2030 and beyond.

What’s worse…

Production will only be enough for “over ten thousand vehicles” – according to a Toyota Times post.

Frankly, a lot of people are not taking Toyota seriously.

That’s because it has a LONG history of making “battery promises” that haven’t been delivered.

For example, its first EV powered by solid-state batteries was due out in 2021…

Then in 2022…

Now in 2027-2028…

And it will be limited to ten thousand vehicles only.

Like many automakers, Toyota is realizing way too late the major shift the auto industry is going through.

That’s why it’s being squeezed out of China, the world’s largest auto market…

And that’s why it’s doing EVERYTHING possible to catch up in the EV race.

Meanwhile, the much-anticipated Cybertruck is about to make its debut.

Tesla started production on its newest vehicle back in August at its Texas factory.

And there have been reported sightings of Cybertrucks being shipped on the car-carrier trucks.

One of the first Cybertrucks off the production line was recently bought at auction for a reported $400,000.

With over 1.9 million pre-orders…

There is a LOT of interest from consumers.

The official release date for the Cybertruck is November 30, so there’s a lot of attention directed at Tesla and its stock price.

But most investors won’t be looking where the biggest profit opportunity is.

Yours in Wealth,

Ian Wyatt