Tsuyoshi Inajima's questions to TOYOTA MOTOR CORP/ (TM) leadership • Q2 2024
Question
Asked about the impact of increasing EV exports from China on Toyota's business in Southeast Asia and the effect of higher interest rates on the company's procurement and sales.
Answer
Toyota acknowledges the rise of Chinese BEV exports to Southeast Asia and will respond by carefully timing its own BEV launches, considering local production versus exports. Regarding interest rates, while higher rates are squeezing margins in the financing business, it remains stable due to the strong residual value of its used cars, which is attributed to the power of its products.