Toyota Announces Its First Mass-Produced EV

Japanese automaker Toyota has made the first major step toward electrifying its lineup. While Toyota pioneered the hybrid engine more than two decades ago with the Prius, it still hasn’t made a significant investment in battery electric vehicles (“EVs”) compared to other established automakers. That may soon change now that Toyota has unveiled details about its first mass-produced all-electric car, the bZ4X. The electric SUV will come with a 71.4kWh battery with around 310 miles of range. According to Toyota, the accompanying 150kW DC charger will be able to recharge the EV to 80% in only 30 minutes.

There will be two variants of the bZ4X — a front wheel and an all-wheel version. Drivers will have the option of purchasing rooftop solar panels to slowly charge the battery when the EV is either driving or parked. The panels can add up to 1,200 miles per year while allowing drivers to recharge their vehicles when they aren’t in use or, even worse, when there aren’t any charging stations around, Toyota says. The front-wheel version will be equipped with a 150kw motor with 265 Nm that can accelerate from 0 to 100k/h in 8.4 seconds while the all-wheel-drive version will come with two 80kw motors capable of producing 160kW and 335Nm of torque and going from 0-100km/h in 7.7 seconds.

Both the front-wheel and all-wheel models will have a top speed of 160km/h. Unlike other automakers, Toyota has taken its time developing battery-electric cars, choosing instead to rely on hybrid vehicles such as the Prius, Camry Hybrid and the Avalon Hybrid. But with the bZ4X, which stands for “beyond zero,” Toyota has made a significant move to all-electric electric cars and will soon be able to compete with mass-market electric cars such as the Tesla Model Y and the Hyundai Ioniq. A medium-segment SUV-type battery-electric car, the bZ4X will be the first model in Toyota’s Beyond Zero subbrand, which will total seven models. Including the Beyond Zero series, Toyota plans on releasing 15 zero-emission vehicles in the next couple of years.

The new bZ4X will be built on a brand-new dedicated EV platform that was developed in partnership with Subaru and is scheduled to launch in all regions starting mid-2022. Besides its range of hybrid cars, Toyota also produces the hydrogen cell-powered second-generation Mirai. It is the first mass-production fuel cell vehicle (“FCV”) to be sold commercially.

As Toyota finally gets its feet wet in the fully electric vehicle sector, it is bound to face stiff competition from companies such as Mullen Automotive Inc. (NASDAQ: MULN) that already have models making inroads into the hearts and minds of motorists.

NOTE TO INVESTORS: The latest news and updates relating to Mullen Automotive Inc. (NASDAQ: MULN) are available in the company’s newsroom at https://ibn.fm/MULN

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