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Toyota recalls first mass-produced EVs less than 2 months after launch

TOKYO (Reuters) -Toyota Motor Corp said on Thursday it would recall 2,700 of its first mass-produced electric vehicles (EVs) because of a danger that wheels could come loose. The...
Toyota recalls first mass-produced EVs less than 2 months after launch © Reuters. FILE PHOTO: 2023 Toyota bZ4X all-electric SUV is displayed during the 2021 LA Auto Show in Los Angeles, California, U.S. November, 17, 2021. REUTERS/Mike Blake

TOKYO (Reuters) -Toyota Motor Corp said on Thursday it would recall 2,700 of its first mass-produced electric vehicles (EVs) because of a danger that wheels could come loose.

The world's largest automaker by sales submitted the recall of the bZ4X SUVs to Japan's transportation ministry. Of the 2,700 vehicles, 2,200 were earmarked for Europe, 260 for the United States, 20 for Canada and 110 for Japan, the company said.

Japan's safety regulator said sharp turns and sudden braking could cause a hub bolt to loosen, raising the risk of a wheel coming off the vehicle. The regulator said it was not aware of any accidents being caused by the defect.

The safety regulator said it was advising drivers to stop using the vehicle until a more "permanent" repair measure was in place.

The recall comes less than two months after Toyota, a relative latecomer to the EV market, rolled out the electric SUV, bZ4X, to the domestic market, albeit as a lease only option.

Toyota has been criticised by some investors and environmental organisations for not acting quickly enough to phase out gasoline-powered cars and embrace EVs instead.

Toyota has repeatedly pushed back against the criticism, arguing the necessity to offer a variety of powertrains to suit different markets and customers.

Gasoline-electric hybrid models remain far more popular in Toyota's home market than EVs, which accounted for just 1% of the passenger cars sold in Japan last year, based on industry data.

Still, the market is growing fast and foreign automakers including Tesla (NASDAQ:TSLA) Inc are making visible inroads on the streets of cities such as Tokyo.

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01-05-2024 10:45:17 (UTC+7)

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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