Electric Vehicles

Total Page:16

File Type:pdf, Size:1020Kb

Electric Vehicles MARKET DATELINE Regional Thematic | August 2021 PP19489/05/2019 (035080) The Future Is Is ASEAN Ready? EV Regional Thematic 20 August 2021 Electric Vehicles The Future Is EV: Is ASEAN Ready? In this report, we focus on the motor vehicles segment of travel and Analysts the transition to zero-emission vehicles (battery electric vehicles and fuel cell vehicles). Carbon dioxide (CO2) reduction targets should increase the demand for low-carbon electric power. Eddy Do Wey Qing Personal vehicle ownership has emerged as more lasting winner, from +603 9280 8856 the COVID-19 pandemic. Personal vehicles account for 61-82% of all [email protected] kilometres travelled. The lifecycle assessment (LCA) approach. A shift to CO2 emissions measurement criteria is based on the entire vehicle lifecycle, from Chatree Srismaicharoen manufacturing, to driving, batteries replacement, and to disassembly. +66 2088 9743 The LCA has concluded that the environmental impact of battery electric [email protected] vehicles is significantly lower than that of a vehicle with an internal combustion engine (ICE). Shekhar Jaiswal Government polices world-wide to drive electric vehicles (EVs) +65 6320 0806 adoption. The policy is shifting towards a low-carbon future through [email protected] measures such as a ban on the sale of ICE cars and the adoption of EV. The trend towards EVs aims to reduce and eventually eliminate emissions from cars and trucks. The transportation sector accounts for Andrey Wijaya 14% of total global greenhouse emissions. The world emits around 50bn +6221 5093 9846 tonnes of greenhouse gases (GHG) each year, as measured in carbon [email protected] dioxide equivalents (CO2 equivalent). Of the 50bn tonnes, the transportation sector emits 7bn tonnes of GHG. Within the sector itself, cars emit 47% of the total, or 3.3bn tonnes of GHG, and trucks emit 25% or 1.75bn tonnes of GHG – these altogether come up to 5bn tonnes of GHG. To reduce CO2 emissions: i) Battery EVs (for personal auto vehicles - smaller vehicles on short-distance city driving) and ii) hydrogen - the means by which to reduce commercial vehicles' CO2 emissions (larger vehicles on Contents Page no. long-distance driving). As trucks undergo greater electrification, we expect to see more fuel cell vehicles (FCV) technology in mid-sized and larger How EVs link back the efforts to control GHG 2 trucks, and more EV technology in small trucks and passenger cars. Electric vehicles 9 Cutting commercial vehicles’ CO2 emissions (H2) 13 CO2 reduction targets should increase demand for low-carbon electric Regulatory environment 15 power. Renewable energy (RE) is likely to have an advantage in the Indonesia 15 electrification effort. Environmentalists are focused on electrification as the Malaysia 19 fastest way to decarbonise the energy system. The electrification of Singapore 22 everything — and its accompanying grid enhancements — seems to be the trend. The customers are concerned about RE. Therefore, the electrification Thailand 30 of everything – even if theoretically fuel-neutral – is likely to result in a The EV supply chain 35 greater emphasis on RE. EV vs ICE: What makes up an EV 35 Leading global suppliers of EV components 39 Our eight actionable ideas on the EV theme in our region are shown in The nickel story in Indonesia 39 the table below and more details beginning with page 75. The semiconductor angle 43 The major players 45 The charging infrastructure in ASEAN 46 The “Chicken & Egg” dynamic 46 Indonesia 46 Malaysia 47 Singapore 48 % Upside P/E (x) P/B (x) ROAE (%) Yield (%) Company Name Rating Target Thailand 52 (Downside) Dec-21F Dec-21F Dec-21F Dec-21F EV principals 57 Astra International Buy IDR6,900 37.3 11.4 1.2 10.9 5.6 Volvo 57 ComfortDelGro Buy SGD2.00 23.5 18.4 1.3 7.2 2.7 Tesla 59 Global Power Synergy Buy THB88.00 12.1 27.2 2.1 7.8 2.0 PTT Oil and Retail Business Buy THB34.00 21.4 29.8 3.4 14.4 0.9 Toyota 63 Sime Darby Buy MYR2.70 28.1 12.0 0.9 7.8 5.2 Mercedes Benz 65 ST Engineering Buy SGD4.50 10.0 23.1 5.4 23.6 3.6 ASEAN power grids 67 UMW Neutral MYR2.94 0.9 12.1 0.8 7.0 2.1 Abbreviations used 74 Vale Indonesia Buy IDR6,200 21.6 25.5 1.6 6.6 - Appendix: Details of our actionable ideas 75 Source: Company data, RHB See important disclosures at the end of this report 1 Market Dateline / PP 19489/05/2019 (035080) Electric Vehicles Regional Thematic 20 August 2021 How EVs Link Back The Efforts To Control GHG Adoption of net-zero emission targets across many countries The Paris Agreement, adopted in Dec 2015 under the United Nations Framework Convention on Climate Change came into force in Nov 2016 (the Paris Agreement). In the Paris Agreement, countries agreed to keep the increase in the global average temperature to well below 2.0°C above pre-industrial levels, and to pursue efforts to limit the temperature rise further to 1.5°C. With the push to reduce GHG, currently over 100 countries have set net-zero emissions or neutrality targets. Figure 1: Countries in ASEAN that signed and acceded to the Paris Agreement Percentage of Date of ratification, greenhouse Date of Date of entry acceptance, approval, gases for signature into force or accession ratification Malaysia 0.52% 22 Apr 2016 16 Nov 2016 16 Dec 2016 Thailand 0.64% 22 Apr 2016 21 Sep 2016 4 Nov 2016 Singapore 0.13% 22 Apr 2016 21 Sep 2016 4 Nov 2016 Indonesia 1.49% 22 Apr 2016 31 Oct 2016 30 Nov 2016 Source: List of parties to the Paris Agreement Carbon pricing. The momentum is growing among countries and businesses to put a price on carbon pollution as a means of bringing down emissions and drive investment towards cleaner options. A price on carbon helps to shift the burden for the damage back to those who are responsible for it, and who can reduce it. Instead of dictating who should reduce emissions where and how, a carbon price gives an economic signal – and polluters decide for themselves whether to discontinue their polluting activity, reduce emissions, or continue polluting and pay for it. In this way, the overall environmental goal is achieved in the most flexible and least-cost way to society. The carbon price also stimulates clean technology and market innovation, fuelling new, low-carbon drivers of economic growth. The LCA approach. A shift to CO2 emissions measurement criteria is based on the entire vehicle lifecycle, from manufacturing, to driving, batteries replacement, and to disassembly. The LCA has concluded that the environmental impact of battery electric vehicles is significantly lower than that of a vehicle with an internal combustion engine (ICE). Government policy to drive EV adoption. The policy is increasingly shifting towards a low-carbon future through measures such as a ban on the sale of ICE cars (more countries are now banning the sale of gasoline or diesel vehicles from 2025) and the adoption of EV. i. In Europe, auto original equipment manufacturers are under pressure to cut CO2 emissions, with a c.20% reduction needed in 2021 vs 2019 levels. In China, the central government increased its target for new-energy vehicles in 2025 from 20% to 25% (vs 4.3% in 2019). Penalties for missing these targets in both regions could be severe: Financial penalties in Europe and the revocation of car manufacturers' licenses in China; ii. Norway plans to eliminate new petrol/diesel vehicle sales by 2025, which is four years from now. Several other countries plan to do the same thing by 2030. Japan plans to do so by 2035. The current ICE cars will still be driven – but one will not be able to buy newly manufactured ones; iii. Many cities plan on restricting the use of petrol and/or diesel vehicles by 2030. The Fit for 55 package: On 15 Jul, both EU and China unveiled sweeping plans to cut GHG emissions. The Fit for 55 package (aimed to reduce emissions by 2030 by 55%, compared to 1990 levels), which transposes into law the Green Deal objectives on Europe's climate neutrality, will cause a massive change – not only for utilities and power generation but also for several other industries. We anticipate huge cost increases, as a result, for both industry and consumers. Fit for 55 introduces a globally unprecedented carbon border adjustment mechanism (CBAM) for pricing imported carbon, it includes: i) Major overhaul of the Emissions Trading System (ETS) to extend carbon pricing to shipping, aviation, transport, and buildings; ii) accelerating the development of the renewable energy sector; iii) banning sales of new fossil-fuel cars after 2035; iv) providing social support for EU citizens affected by the green transition; and v) speeding up the modernisation of the building stock. See important disclosures at the end of this report 2 Market Dateline / PP 19489/05/2019 (035080) Electric Vehicles Regional Thematic 20 August 2021 EV adoption has gone from a niche idea to mainstream policymaking in recent years, and numerous governments currently have policies in place to incentivise consumers to buy EVs. We expect such efforts to continue, as the visible hand of policymaking (including EV purchase incentives, charging stations, etc) will remain important in the foreseeable future. Battery reuse and recycling will be imperative to enable truly sustainable electric mobility. i. There still remain several hurdles for EV makers. As of Jul 2021, the global chip shortage situation was still severe.
Recommended publications
  • Contacts in Japan Contacts in Asia
    TheDirectoryof JapaneseAuto Manufacturers′ WbrldwidePurchaslng ● Contacts ● トOriginalEqulpment ● トOriginalEqulpment Service トAccessories トMaterials +RmR JA払NAuTOMOBILEMANUFACTURERSAssocIATION′INC. DAIHATSU CONTACTS IN JAPAN CONTACTS IN ASIA OE, Service, Accessories and Material OE Parts for Asian Plants: P.T. Astra Daihatsu Motor Daihatsu Motor Co., Ltd. JL. Gaya Motor 3/5, Sunter II, Jakarta 14350, urchasing Div. PO Box 1166 Jakarta 14011, Indonesia 1-1, Daihatsu-cho, Ikeda-shi, Phone: 62-21-651-0300 Osaka, 563-0044 Japan Fax: 62-21-651-0834 Phone: 072-754-3331 Fax: 072-751-7666 Perodua Manufacturing Sdn. Bhd. Lot 1896, Sungai Choh, Mukim Serendah, Locked Bag No.226, 48009 Rawang, Selangor Darul Ehsan, Malaysia Phone: 60-3-6092-8888 Fax: 60-3-6090-2167 1 HINO CONTACTS IN JAPAN CONTACTS IN ASIA OE, Service, Aceessories and Materials OE, Service Parts and Accessories Hino Motors, Ltd. For Indonesia Plant: Purchasing Planning Div. P.T. Hino Motors Manufacturing Indonesia 1-1, Hinodai 3-chome, Hino-shi, Kawasan Industri Kota Bukit Indah Blok D1 No.1 Tokyo 191-8660 Japan Purwakarta 41181, Phone: 042-586-5474/5481 Jawa Barat, Indonesia Fax: 042-586-5477 Phone: 0264-351-911 Fax: 0264-351-755 CONTACTS IN NORTH AMERICA For Malaysia Plant: Hino Motors (Malaysia) Sdn. Bhd. OE, Service Parts and Accessories Lot P.T. 24, Jalan 223, For America Plant: Section 51A 46100, Petaling Jaya, Hino Motors Manufacturing U.S.A., Inc. Selangor, Malaysia 290 S. Milliken Avenue Phone: 03-757-3517 Ontario, California 91761 Fax: 03-757-2235 Phone: 909-974-4850 Fax: 909-937-3480 For Thailand Plant: Hino Motors Manufacturing (Thailand)Ltd.
    [Show full text]
  • The Magazine Foreword
    Edition 3 | September 2018 The Magazine Foreword “Let him that would move the world first move himself.” Socrates Everything around us is in motion – including Dear customers, partners and colleagues us as humans and us as a company. And that’s a good thing. If you don’t move, you will make Everything is in motion. Everything in our universe is on the more than what we all associate with the term at first glance. no progress nor make any difference. move and, of course, so are we. And we are moving things, That’s why we are shining a spotlight on the topic from too. For example, machines, vehicles, data or knowledge – different angles and not only from HELLER’s perspective. The main topic of this third issue of HELLER sometimes even our own limits by pushing them further. the Magazine is mobility. I hope you will enjoy reading and browsing through this issue Movement is more than going from ‘A to B’ or touching your and look forward to receiving any feedback you may have. Getting from A to B, being ‘mobile’, but also toes with the tips of your fingers. We have collected the exchange, flexibility, change and being ready stories behind all this and much more in relation to mobility for it – mobility has many different facets. as the key topic of our times. But read for yourself! As a global company, we cannot deny this megatrend. There- fore, we have made mobility the focus of the third issue of Klaus Winkler HELLER the Magazine. We want to show you that mobility is CEO HELLER Group HELLER the Magazine 3_ Content Production 60_ Productive
    [Show full text]
  • Annual Report 2009 Overseas Manufacturing Companies
    Management & Corporate Information Overseas Manufacturing Companies As of March 31, 2009 24 23 19 20 17 18 1 2 32 27-31,33 4 3 12 9 21 22 8 35 6 7 5 13 10 44 11 52 34,36 37 45 47-50 39 38 51 46 16 43 42 25 41 40 15 26 14 53 North America Country/Area Company name Main products Voting rights Start of ratio* (%) operations Canada 1 Canadian Autoparts Toyota Inc. (CAPTIN) Aluminum wheels 100.00 1985 2 Toyota Motor Manufacturing Canada Inc. (TMMC) Corolla, Matrix, RX350, RAV4 100.00 1988 U.S.A. 3 TABC, Inc. Catalytic converters, steering columns, 100.00 1971 stamped parts 4 New United Motor Manufacturing, Inc. (NUMMI)** Corolla, Tacoma 50.00 1984 5 Toyota Motor Manufacturing, Kentucky, Inc. (TMMK) Camry, Camry Hybrid, Camry Solara, 100.00 1988 Avalon, VENZA/engines 6 Catalytic Component Products, Inc. (CCP) Catalytic converters — 1991 7 Bodine Aluminum, Inc. Aluminum castings 100.00 1993 8 Toyota Motor Manufacturing, West Virginia, Inc. (TMMWV) Engines, transmissions 100.00 1998 9 Toyota Motor Manufacturing, Indiana, Inc. (TMMI) Tundra, Sequoia, Sienna 100.00 1999 10 Toyota Motor Manufacturing, Alabama, Inc. (TMMAL) Engines 100.00 2003 11 Toyota Motor Manufacturing, Texas, Inc. (TMMTX) Tundra 100.00 2006 12 Subaru of Indiana Automotive, Inc. (SIA)** Camry — 2007*** Mexico 13 Toyota Motor Manufacturing de Baja California Tacoma/Truck beds 100.00 2004 S.de R.L.de C.V. (TMMBC) Central and South America Country/Area Company name Main products Voting rights Start of ratio* (%) operations Argentina 14 Toyota Argentina S.A.
    [Show full text]
  • Pdf: 660 Kb / 236
    As filed with the Securities and Exchange Commission on June 23, 2017 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ‘ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR È ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: March 31, 2017 OR ‘ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ‘ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-14948 TOYOTA JIDOSHA KABUSHIKI KAISHA (Exact Name of Registrant as Specified in its Charter) TOYOTA MOTOR CORPORATION (Translation of Registrant’s Name into English) Japan (Jurisdiction of Incorporation or Organization) 1 Toyota-cho, Toyota City Aichi Prefecture 471-8571 Japan +81 565 28-2121 (Address of Principal Executive Offices) Nobukazu Takano Telephone number: +81 565 28-2121 Facsimile number: +81 565 23-5800 Address: 1 Toyota-cho, Toyota City, Aichi Prefecture 471-8571, Japan (Name, telephone, e-mail and/or facsimile number and address of registrant’s contact person) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of Each Class: Name of Each Exchange on Which Registered: American Depositary Shares* The New York Stock Exchange Common Stock** * American Depositary Receipts evidence American Depositary Shares, each American Depositary Share representing two shares of the registrant’s Common Stock. ** No par value. Not for trading, but only in connection with the registration of American Depositary Shares, pursuant to the requirements of the U.S.
    [Show full text]
  • 20-03 Residential Carshare Study for the New York Metropolitan Area
    Residential Carshare Study for the New York Metropolitan Area Final Report | Report Number 20-03 | February 2020 NYSERDA’s Promise to New Yorkers: NYSERDA provides resources, expertise, and objective information so New Yorkers can make confident, informed energy decisions. Mission Statement: Advance innovative energy solutions in ways that improve New York’s economy and environment. Vision Statement: Serve as a catalyst – advancing energy innovation, technology, and investment; transforming New York’s economy; and empowering people to choose clean and efficient energy as part of their everyday lives. Residential Carshare Study for the New York Metropolitan Area Final Report Prepared for: New York State Energy Research and Development Authority New York, NY Robyn Marquis, PhD Project Manager, Clean Transportation Prepared by: WXY Architecture + Urban Design New York, NY Adam Lubinsky, PhD, AICP Managing Principal Amina Hassen Associate Raphael Laude Urban Planner with Barretto Bay Strategies New York, NY Paul Lipson Principal Luis Torres Senior Consultant and Empire Clean Cities NYSERDA Report 20-03 NYSERDA Contract 114627 February 2020 Notice This report was prepared by WXY Architecture + Urban Design, Barretto Bay Strategies, and Empire Clean Cities in the course of performing work contracted for and sponsored by the New York State Energy Research and Development Authority (hereafter the "Sponsors"). The opinions expressed in this report do not necessarily reflect those of the Sponsors or the State of New York, and reference to any specific product, service, process, or method does not constitute an implied or expressed recommendation or endorsement of it. Further, the Sponsors, the State of New York, and the contractor make no warranties or representations, expressed or implied, as to the fitness for particular purpose or merchantability of any product, apparatus, or service, or the usefulness, completeness, or accuracy of any processes, methods, or other information contained, described, disclosed, or referred to in this report.
    [Show full text]
  • Freedom to Move
    01 • 2021 P46920_Volvo_FTM_1_2021_UG_01_64.indd Alle Seiten 05.02.21 | Marco Willener 14:22 VÄLKOMMEN Gentili clienti di Volvo, Gentili clienti di Volvo, peril 2020 il 2021 si è il rivelato mondo un di annoVolvo più ha impegnativoin serbo diverse che novità mai. Abbiamo per voi. Le dovuto prime affron Volvo- XC40tareil 2020 nuove completamente si è sfide, rivelato cambiare un anno elettriche il piùnostro impegnativo circolano modo di sulle vivereche strademai. la quotidianitàAbbiamo svizzere dovuto già e limitaredall’inizio affron la- dell’anno.nostratare nuove libertà. Qualcuno sfide, Lockdown, cambiare preferirebbe smart il nostro working, un modo look più didistanziamento viveresportivo? la quotidianità Recentemente sociale, e digitalizza limitare è stata la- presentatazione,nostra nuovilibertà. la obblighi nuovaLockdown, Volvoe ulteriori smartC40, difficoltà working,un SUV impreviste: coupédistanziamento compatto nulla di sociale, basatotutto ciò digitalizzasulla rientrava com-- provatanellazione, nostra nuovi piattaforma routine.obblighi E CMAe a ulteriori questo e alimentato difficoltàpunto ci domandiamo:esclusivamente impreviste: nulla cosa a dielettricità. citutto riserva ciò ilrientrava futuro Comenella nostra sarà la routine. normalità E a questodomani punto ci domandiamo: cosa ci riserva il futuro Quest’anno Come sarà la la normalità Volvo XC60 domani si rinnova: l’avanzato sistema operativo Android AutomotiveQuesto periodo fa il fuorisuo dagliingresso schemi a bordo ci sta del però nostro dimostrando dinamico anche SUV. che,Così, sia con in GooglefamigliaQuesto Assistant, periodoche sul lavoro,fuori Google dagli sappiamo Maps schemi e affrontareGoogle ci sta però Play le dimostrandosfide,Store ridefiniresarete sempreanche i valori, che, perfetta- seguire sia in mentenuovefamiglia stradeconnessi. che sul e stare lavoro, più sappiamo vicini come affrontare membri ledi sfide,una comunità.
    [Show full text]
  • Digital Art Cards (Homes and Neighbourhoods) Serial No.: R1C2 to R1C16
    Digital Art Cards (Homes and Neighbourhoods) Serial No.: R1C2 to R1C16 SERIAL NO: R1C2 SERIAL NO: R1C4 SERIAL NO: R1C11 SHERMAINE CHEW JAVEN SOH LOIS KRISTY JO ANN Nanyang Polytechnic Teck Ghee Primary School The inspiration for this artwork is the bonding of our family and friends. This facility will help children and Trees and greenery around my neighbourhood. I was inspired by the buildings and pond around my house. their parents spend time together and have a closer relationship with each other. SERIAL NO: R1C12 SERIAL NO: R1C15 SERIAL NO: R1C16 RACHEL EMMA TAY SHANDON GOH School of the Arts, Singapore School of the Arts, Singapore Holy Innocents’ High School Our Singaporean community is represented by The harmonious colour scheme reflects our My inspiration draws from my vision of harmony, the red dots. The green dots represent our vibrant, united communities. peace and quality of life. My ideal neighbourhood green city. The yellow dots represent our everyday is a place where I can feel peace and positivity from activities, while the overlapping red and yellow dots my surroundings. The environment must include lots express our positive spirit in approaching each day of greenery, beautiful landscape and has to coexist of our lives. The blue dots provide relief from the with nature. bright reds and yellows in the artwork, suggesting the importance of reprieve and reflection as we The emphasis is the big greenery space and strive forward. ecosystem with the surrounding nature, where we can connect, interact, and coexist. Digital Art Cards (Homes and Neighbourhoods) Serial No.: R1C17 to R1C28 SERIAL NO: R1C17 SERIAL NO: R1C21 SERIAL NO: R1C22 SAMANTHA NABILLA HASHIM LEE WAI HAN Down Syndrome Association (Singapore) We have two active toddlers and we enjoy walking Pool.
    [Show full text]
  • The Advertising Plan of Toyota Camry for Toyota Motor Thailand Co. Ltd
    California State University, San Bernardino CSUSB ScholarWorks Theses Digitization Project John M. Pfau Library 2004 The advertising plan of Toyota Camry for Toyota Motor Thailand Co. Ltd Ampika Kosumapa Follow this and additional works at: https://scholarworks.lib.csusb.edu/etd-project Part of the Marketing Commons Recommended Citation Kosumapa, Ampika, "The advertising plan of Toyota Camry for Toyota Motor Thailand Co. Ltd" (2004). Theses Digitization Project. 2556. https://scholarworks.lib.csusb.edu/etd-project/2556 This Project is brought to you for free and open access by the John M. Pfau Library at CSUSB ScholarWorks. It has been accepted for inclusion in Theses Digitization Project by an authorized administrator of CSUSB ScholarWorks. For more information, please contact [email protected]. THE ADVERTISING PLAN OF TOYOTA CAMRY FOR TOYOTA MOTOR THAILAND CO., LTD. A Project Presented to the Faculty of California State University, San Bernardino In Partial Fulfillment of the Requirements for the Degree Master of Arts in Interdisciplinary Studies by Ampika Kosumapa March 2004 THE ADVERTISING PLAN OF TOYOTA CAMRY FOR TOYOTA MOTOR THAILAND CO., LTD. A Project Presented to the Faculty of California State University, San Bernardino by Ampika Kosumapa March 2004 Approved by: Dr. Frederick Hebein, Committee Chair, Dat Marketing Dr. Eric Newman, Marketing Dr. Heather Hundley, Communicat.on Studies © 2004 Ampika Kosumapa ABSTRACT Toyota Camry has been the best-selling automobile in its class (mid-sized sedan) segment in Thailand since 1999 (Teeradech, 2002). The advertising plan in this paper is created for Toyota Motor Thailand Co., Ltd. 1) to maintain the leadership position of the Toyota Camry in its market; 2) to reposition Camry as a luxury and up-style car; 3) to support the increase in product price; and 4) to gain new buyers.
    [Show full text]
  • Toyota in the World 2011
    "Toyota in the World 2011" is intended to provide an overview of Toyota, including a look at its latest activities relating to R&D (Research & Development), manufacturing, sales and exports from January to December 2010. It is hoped that this handbook will be useful to those seeking to gain a better understanding of Toyota's corporate activities. Research & Development Production, Sales and Exports Domestic and Overseas R&D Sites Overseas Production Companies North America/ Latin America: Market/Toyota Sales and Production Technological Development Europe/Africa: Market/Toyota Sales and Production Asia: Market/Toyota Sales and Production History of Technological Development (from 1990) Oceania & Middle East: Market/Toyota Sales and Production Operations in Japan Vehicle Production, Sales and Exports by Region Overseas Model Lineup by Country & Region Toyota Group & Supplier Organizations Japanese Production and Dealer Sites Chronology Number of Vehicles Produced in Japan by Model Product Lineup U.S.A. JAPAN Toyota Motor Engineering and Manufacturing North Head Office Toyota Technical Center America, Inc. Establishment 1954 Establishment 1977 Activities: Product planning, design, Locations: Michigan, prototype development, vehicle California, evaluation Arizona, Washington D.C. Activities: Product planning, Vehicle Engineering & Evaluation Basic Research Shibetsu Proving Ground Establishment 1984 Activities: Vehicle testing and evaluation at high speed and under cold Calty Design Research, Inc. conditions Establishment 1973 Locations: California, Michigan Activities: Exterior, Interior and Color Design Higashi-Fuji Technical Center Establishment 1966 Activities: New technology research for vehicles and engines Toyota Central Research & Development Laboratories, Inc. Establishment 1960 Activities: Fundamental research for the Toyota Group Europe Asia Pacific Toyota Motor Europe NV/SA Toyota Motor Asia Pacific Engineering and Manfacturing Co., Ltd.
    [Show full text]
  • Model Year 2022 Volvocars.It Configura La Tua Volvo C40 Recharge Pure Electric Indice
    LISTINO PREZZI AL PUBBLICO N. 8 DEL 09-06-2021 Volvo C40 Recharge Pure Electric LISTINO PREZZI AL PUBBLICO N. 8 DEL 09-06-2021 Model Year 2022 volvocars.it Configura la tua Volvo C40 Recharge Pure Electric Indice Introduzione 3 Prezzi 4 Allestimenti 5 Colori 8 Cerchi 9 Interni 10 Opzioni 11 Informazioni tecniche 15 Consumi WLTP 16 volvocars.it 2 LISTINO PREZZI AL PUBBLICO N. 8 DEL 09-06-2021 Volvo C40 Recharge Ridefiniamo Pure Electric. il concetto di mobilità. Il futuro è adesso. Fin dalla sua nascita Volvo è all’avanguardia con tecnologie di sicurezza perché da sempre mette l’uomo al cen- tro dei suoi progetti. La mission di Volvo è garantire che i nostri clienti siano liberi di muoversi, in modo sicuro, sostenibile e secondo le loro esigenze: Freedom to Move. Mettiamo sempre al primo posto le tue esigenze, utilizzando le migliori tecnologie disponibili per assisterti quando serve e innovandole costantemente per renderle sempre più efficaci ed offrirti una straordinaria espe- rienza di guida. La nostra ambizione è di rimanere sempre concentrati sulle persone, sulla sicurezza e sulla sostenibilità. Continuiamo a sviluppare nuove tecnologie di sicurezza perché nessun occupante di una nuova Volvo perda la vita o subisca lesioni gravi. Il nostro obiettivo per il 2025, è di produrre solo auto elettriche o ibride. Vogliamo diventare un’azienda a zero impatto climatico entro il 2040. La nuova Volvo C40 Recharge è il primo Crossover di Volvo ad essere stato progettato come puramente I nostri clienti desiderano acquistare automobili più sicure, elettrico. Una silhouette areodinamica e un tetto a contrasto creano un profilo che si distingue.
    [Show full text]
  • Freedom-To-Move
    01 • 2021 P46920_Volvo_FTM_1_2021_UG_01_64.indd Alle Seiten 05.02.21 | Marco Willener 14:22 VÄLKOMMEN VÄLKOMMEN Liebe Volvo Kundin, lieber VolvoVolvo KundeKunde Das2020 Jahr ist herausfordernd2021 hält einige wie Neuheiten kaum ein aus anderes der Volvo Jahr Weltzuvor. für Wir Sie mussten bereit. Be-uns reitsLiebeneuen seit Volvo Aufgaben Jahresbeginn Kundin, stellen, lieber fahren den Volvo Alltag die Kunde ersten anpassen vollelektrischen und uns in Volvounserer XC40 Freiheit auf denein- Schweizerschränken. Strassen.Lockdown, Sie Homeoffice, mögen lieber Social eine Distancing, etwas sportlichere Digitalisierung, Optik? sonsti Kürz-- lich2020ge Auflagen erfolgte ist herausfordernd diesowie Vorstellung zusätzliche wie des kaum unerwartete neuen ein anderesVolvo Belastungen C40 Jahr – zuvor.eines kompaktenWirnichts mussten entsprach SUV- uns Coupésneuender Gewohnheit. Aufgaben auf Basis stellen,Und der wir bewährten den fragen Alltag uns: CMA-Plattform,anpassen Was bringt und dieuns das Zukunft? in unsererausschliesslich Wie Freiheit sieht einrein die- elektrischschränken.Normalität angetrieben vonLockdown, morgen wird.Homeoffice, aus? Social Distancing, Digitalisierung, sonsti- ge Auflagen sowie zusätzliche unerwartete Belastungen nichts entsprach InderDiese diesem Gewohnheit. aussergewöhnliche Jahr wird Und der wir Volvo Zeitfragen zeigt XC60 uns: aber Wasaufgefrischt. auch, bringt dass die Unser wir Zukunft? uns dynamischer Herausforderun Wie sieht SUV die- wirdNormalitätgen stellen, zusätzlich von Werte morgenmit neu dem definieren,
    [Show full text]
  • Appendix D - Securities Held by Funds October 18, 2017 Annual Report of Activities Pursuant to Act 44 of 2010 October 18, 2017
    Report of Activities Pursuant to Act 44 of 2010 Appendix D - Securities Held by Funds October 18, 2017 Annual Report of Activities Pursuant to Act 44 of 2010 October 18, 2017 Appendix D: Securities Held by Funds The Four Funds hold thousands of publicly and privately traded securities. Act 44 directs the Four Funds to publish “a list of all publicly traded securities held by the public fund.” For consistency in presenting the data, a list of all holdings of the Four Funds is obtained from Pennsylvania Treasury Department. The list includes privately held securities. Some privately held securities lacked certain data fields to facilitate removal from the list. To avoid incomplete removal of privately held securities or erroneous removal of publicly traded securities from the list, the Four Funds have chosen to report all publicly and privately traded securities. The list below presents the securities held by the Four Funds as of June 30, 2017. 1345 AVENUE OF THE A 1 A3 144A AAREAL BANK AG ABRY MEZZANINE PARTNERS LP 1721 N FRONT STREET HOLDINGS AARON'S INC ABRY PARTNERS V LP 1-800-FLOWERS.COM INC AASET 2017-1 TRUST 1A C 144A ABRY PARTNERS VI L P 198 INVERNESS DRIVE WEST ABACUS PROPERTY GROUP ABRY PARTNERS VII L P 1MDB GLOBAL INVESTMENTS L ABAXIS INC ABRY PARTNERS VIII LP REGS ABB CONCISE 6/16 TL ABRY SENIOR EQUITY II LP 1ST SOURCE CORP ABB LTD ABS CAPITAL PARTNERS II LP 200 INVERNESS DRIVE WEST ABBOTT LABORATORIES ABS CAPITAL PARTNERS IV LP 21ST CENTURY FOX AMERICA INC ABBOTT LABORATORIES ABS CAPITAL PARTNERS V LP 21ST CENTURY ONCOLOGY 4/15
    [Show full text]