Toyota cancelled development of the premium Lexus LF-ZC electric sedan. The vehicle was originally scheduled for a 2026 launch.
This decision marks a strategic pivot toward hybrid and combustion-engine models. The shift follows slower-than-anticipated global demand for battery electric vehicles.
The LF-ZC was intended to compete with the Zeekr 7GT and Xiaomi SU7. Toyota will transfer technologies developed for the project to future vehicle programs.
The company reported a 3% decline in global sales for April. This adjustment reflects ongoing competitive pressures in the automotive market.