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NEWS TAGGED TOYOTA
Wednesday 29 November 2023
Toyota and affiliates to sell 10% Denso stakes as the carmaker ramps up EVs
Toyota Motor and its two affiliates, Toyota Industries and Aisin plan to sell 10% of their stakes in Denso, the world's second-largest tier-1 automotive supplier. The move likely...
Friday 17 November 2023
Toyota to source battery metals from Redwood Materials
Toyota is expected to use battery materials recycled from its hybrid EVs to produce new batteries in the US. The automaker plans to source cathode active materials and anode copper...
Wednesday 8 November 2023
Toyota-FAW JV will extend production cut to February 2024
Intense rivalry in China's automotive market has forced more carmakers to adjust their strategies. The joint venture between Toyota and Chinese FAW Group recently informed its dealers...
Thursday 2 November 2023
Toyota sees profit jump in 2QFY24, raising full-year forecast
Toyota enjoyed a 155.6% year-over-year growth in operating income in the second quarter of fiscal year 2024, thanks to a weak Japanese yen and price hikes. With the improved financial...
Wednesday 1 November 2023
Toyota injects another US$8 billion into North Carolina battery plant
Toyota has made further commitments to EV battery production in the US. The automaker announced on October 31 that it will invest an additional US$8 billion into its battery plant...
Monday 30 October 2023
Toyota global sales, output hit record 5.6 million vehicles
Toyota Motor Corp.'s global sales climbed 8.3% in April to September from a year earlier to a record 5,596,183 vehicles, putting the world's biggest carmaker on track...
Thursday 26 October 2023
Toyota CEO sees EVs as missing piece for world's top carmaker
How's this for a difficult job: taking over from the founder's grandson, who led the family business to the very top of its industry, and who's still very much in the mix as paradigm-changing...
Monday 23 October 2023
Top 3 Japanese carmakers to demonstrate BEVs, full-solid-state batteries at Japan Mobility Show
Leading Japan-based automakers will exhibit their latest technology at Tokyo's upcoming Japan Mobility Show 2023. Nissan will showcase an EV powered by its full-solid-state batteries,...
Friday 20 October 2023
Toyota joins the crowd to adopt Tesla charging connector in 2025
Toyota Motor announced on October 19 that it will adopt Tesla's North American Charging Standard (NACS) in North America, just like Ford, General Motors, and many other competitors...
Thursday 19 October 2023
Accident at supplier plant forces Toyota to suspend production lines in Japan
Toyota has suspended production lines in many of its factories in Japan due to an explosion at its supplier Chuo Spring's plant. The accident also impacted other carmakers such as...
Thursday 12 October 2023
Toyota partners with Idemitsu to commercialize all-solid-state batteries for BEVs
Toyota Motor will collaborate with Idemitsu Kosan, one of Japan's leading energy companies, to accelerate all-solid-state battery development. The pair aims to put the batteries into...
Thursday 5 October 2023
LGES to supply Toyota battery modules in US
LG Energy Solution has added Toyota Motor as a new customer. The South Korea-based battery maker will build new dedicated production lines in the US to make high-nickel NCMA batteries...
Thursday 21 September 2023
Toyota aims bipolar LFP battery mass production in 2027
Toyota unveiled its production lines of full-solid-state and LFP batteries in September. According to Japan-based Sankei, Motor Fan and Toyota, the carmaker is developing...
Tuesday 1 August 2023
Toyota reports improved margins, will accelerate EV development in China
Increased vehicle sales helped Toyota's profits in the April to June period. The automaker saw its operating income grow by 93.7% from 2022 to JPY1.12 trillion (US$7.86 billion)....
Wednesday 19 July 2023
Why automotive suppliers cannot ignore Toyota's EV ambition
Toyota announced an updated business plan for battery EVs after the new leadership took office. According to sources, automotive suppliers will not ignore the opportunities that Toyota...