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UN Secretary-General António Guterres: The United Nations faces enormous difficulties in curbing the surge in global conflicts.On May 20, President Xi Jinping and Russian President Vladimir Putin jointly met with reporters at the Great Hall of the People in Beijing.Interest rate futures indicate that the Bank of England will raise interest rates by about 52 basis points by December, compared to about 60 basis points on Tuesday.On May 20, Chen Binhua, spokesperson for the Taiwan Affairs Office of the State Council, commented on the remarks made by Taiwan leader Lai Ching-te during his "May 20" speech and Q&A session regarding cross-strait relations. He stated that Lais speech was filled with lies and deception, hostility and confrontation, stubbornly adhering to the erroneous "Taiwan independence" stance, promoting the fallacies of so-called "sovereign independence" and "non-subordination," exaggerating the "mainland threat," escalating cross-strait confrontation, and deliberately seeking "independence through force" and "independence through foreign support," thus undermining peace and stability in the Taiwan Strait. This once again confirms that he is an out-and-out "disruptor of cross-strait peace" and a "creator of the Taiwan Strait crisis." While continuing to advocate "Taiwan independence" and manipulate "anti-China" sentiments, he hypocritically claims to promote cross-strait dialogue and exchanges, attempting to deceive the Taiwanese people and mislead international public opinion. These habitual tricks have been seen through by an increasing number of Taiwanese people, and his deceptive behavior and provocative actions will inevitably be met with resolute opposition from compatriots on both sides of the strait and the international community, and are doomed to failure.The Nikkei 225 index closed down 746.18 points, or 1.23%, at 59,804.41 on Wednesday, May 20.

Toyota Lowers Troublesome Electric Vehicle Leasing Rate to Increase Demand

Aria Thomas

Oct 26, 2022 14:13

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On Wednesday, Toyota Motor (NYSE:TM) Corp. began leasing orders for its first mass-produced electric vehicle (EV) in Japan, eliminating a one-time fee to promote interest in a car that was recalled two months after its market launch.


In its home market, where consumers prefer not to worry about battery life and resale value, the bZ4X crossover is only available for leasing.


When it debuted the vehicle in May, Toyota charged a one-time application fee of 770,000 yen ($5,175) and 107,800 yen each month for the first four years of a 10-year contract.


On Wednesday, the application fee will be 385,000 yen and the monthly fee will be 1,100 yen. KINTO, the Toyota business that leases, president Shinya Kotera said early signups get a discount.


He added that the EV will be available for commercial lease starting Wednesday.


The pricing is "painful" and unlikely to boost sales, but KINTO will still make a profit, the former Toyota executive told Reuters in an Oct. 19 interview that was released Wednesday.


After discovering that quick corners and sudden braking could lose a hub bolt, the company recalled the bZ4X and stopped production two months after its sale. Production resumed October 6.


The model was the centerpiece of a late global EV plan by a corporation once lauded by environmentalists and green investors for its groundbreaking hybrid petrol-electric technology but now ridiculed for its late adoption of all-electric vehicles.


On Monday, Reuters reported that Toyota is considering a new start one year into its $38 billion electric vehicle (EV) plan to compete in a market growing faster than expected.


Due to the recall and a cautious approach to electric vehicles in a country without charging infrastructure, Kotera said Toyota would struggle to lease 5,000 bZ4X crossovers in the current fiscal year.


"I don't believe we are in an environment where people would rush at the chance to purchase the bZ4X," he said. Thus, we must persevere.

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