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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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26-06-2022 00:52:09 (UTC+7)

EUR/USD

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EUR/USD

1.0554

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Adidas AG

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 EUR/USD1.0554Buy
 GBP/USD1.2272↑ Sell
 USD/JPY135.23↑ Buy
 AUD/USD0.6944↑ Sell
 USD/CAD1.2891↑ Sell
 EUR/JPY142.71↑ Buy
 EUR/CHF1.0114↑ Sell
 Gold1,828.10↑ Buy
 Silver21.130Neutral
 Copper3.7365Sell
 Crude Oil WTI107.06↑ Sell
 Brent Oil113.19↑ Sell
 Natural Gas6.173↑ Buy
 US Coffee C223.40↑ Buy
 Euro Stoxx 503,533.17Neutral
 S&P 5003,911.74↑ Buy
 DAX13,118.13↑ Sell
 FTSE 1007,208.81↑ Buy
 Hang Seng21,719.06↑ Buy
 Small Cap 20001,765.74↑ Buy
 IBEX 358,244.10Sell
 BASF42.215↑ Buy
 Bayer57.79↑ Sell
 Allianz181.20↑ Sell
 Adidas170.36↑ Sell
 Lufthansa5.966↑ Sell
 Siemens AG102.62↑ Buy
 Deutsche Bank AG8.919↑ Buy
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SJC Cantho6,785/ 6,867
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