Toyota Soars on Optimism Over EV Plans, Shareholders’ Meeting

<-bsp-bb-link state="{"bbHref":"bbg://securities/7203%20JP%20Equity","_id":"00000188-b8b6-d4e2-a1cb-febe5bd50000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Toyota Motor Corp. posted its biggest two-day gain in three years, fueled by an aggressive messaging campaign around the Japanese carmaker’s electric-vehicle strategy, a drama-free shareholders’ meeting and a broader global stock rally.

Shares in the world’s largest carmaker are up 12% since Monday, their biggest jump since March of 2020, with the reappointment of Chairman <-bsp-person state="{"_id":"00000188-b8b6-d4e2-a1cb-febe5bd80000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Akio Toyodaadding to the buoyant mood. While Toyota stood out, it was a broadly a good day for automakers in the region following gains by peers in the US, where Tesla Inc. has climbed for 13 straight days.

In a well-timed move just ...