TOKYO — Toyota will pace up manufacturing of electrical autos from its Toyota and luxurious Lexus manufacturers, the Nikkei newspaper reported.

The Nikkei report mentioned the automaker was more likely to step up manufacturing of battery-powered autos over the approaching years to succeed in annual output of greater than 600,000 autos in 2025.

A Toyota spokesperson was not instantly capable of touch upon the report.

The corporate has beforehand mentioned it targets gross sales of 1.5 million EVs yearly by 2026 and three.5 million, or about one-third of present international quantity, by 2030.

Toyota final 12 months offered fewer than 25,000 EVs, together with of its Lexus model, worldwide.

It sought to lift EV manufacturing to about 150,000 autos in 2023 and steadily enhance it additional to the 190,000-vehicle vary subsequent 12 months, Nikkei mentioned.