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Toyota to set up wholly owned EV, battery unit
Japan's Toyota announces EV and battery push in China and U.S., as its quarterly profit surges
Toyota is developing and making electric vehicles and EV batteries in China, the Japanese automaker said Wednesday, under a new partnership with the Shanghai government.Toyota Motor Corp. also announced it will start producing batteries for EVs,
Toyota to set up wholly owned EV, battery unit in China
Toyota Motor will establish a wholly owned company in Shanghai to develop and produce electric vehicles and batteries for the Lexus brand, with production set to start in 2027, the world's top-selling automaker said on Wednesday.
Toyota unveils a plan to become ‘more loved’ in China by taking a page out of Tesla’s playbook: A wholly-owned Shanghai EV plant
The Shanghai factory is expected to start production in 2027 and will develop a new BEV under Toyota's premium Lexus brand.
Toyota raises profit forecast
Toyota raises profit view 9%, cites overall business strengthening
Japan's Toyota Motor raised its full-year operating profit forecast by 9% on Wednesday, in a sign of confidence in its ability to ride out the impact of any potential U.S. tariffs.
Toyota raises profit forecast and aims to double down in China
Toyota raised its full-year profit forecast on cost-cutting efforts, despite recording a second consecutive quarterly drop in profit, as sales growth driven by a hybrid boom cooled off. The world’s largest automaker said on Wednesday that operating profit came in at ¥1.
Toyota Raises Earnings Guidance After Profit Jumps
Toyota Motor sold 10.8 million vehicles globally in 2024, retaining its position as the world’s biggest carmaker.
20h
Toyota: Potential Trade-War Winner As Japan Sits On Sidelines
Toyota's recent earnings report showed a 4.8% revenue increase but a 13.2% decline in operating income. Learn more about TM ...
1h
on MSN
The most exciting Japanese cars on sale today
Japanese cars offer reliability, quality, lots of equipment and unique styling, but which ones are the most exciting?
6d
Toyota sells 10.8 million vehicles in 2024 to remain world's top-selling automaker
Toyota Motor 7203.T sold 10.8 million vehicles in 2024, it said on Thursday, remaining the world's top-selling automaker for ...
Paul Tan
2d
Toyota GR Corolla facelift in Japan – 6MT and 8AT, exclusive Circuit Mode with anti-lag, from RM163k
Toyota may be Japanese, but it’s taken a surprisingly long time to bring the facelifted GR Corolla to its home country. The ...
TopSpeed on MSN
19h
The Toyota Hybrid Crossover That Outsold The Prius Twins In January 2025
You may be surprised, but the Prius Hybrid, along with the Prius Plug-In Hybrid, started the year out slow. In January, ...
Electrek
6d
Toyota EV sales continued lagging in 2024 at only 1%
Toyota maintained its title as the world’s top-selling automaker, with nearly 11 million vehicles sold in 2024. However, EV ...
7d
on MSN
Toyota sells 10.8M vehicles in 2024, keeps global sales crown for fifth year
Toyota retained its top spot in 2024, selling 10.8M vehicles despite a 3.7% drop, with hybrid sales surging amid challenges ...
6d
on MSN
Toyota Remains World’s Top Automaker Despite Selling Fewer Cars in 2024
The automaker sold 10.8 million vehicles globally last year, retaining its position as the world’s top-selling carmaker ...
GlobalData on MSN
6d
Toyota global vehicle sales fall 4% in 2024
Japan’s Toyota Motor Corporation reported a 4% fall in global group sales to 10,821,480 vehicles in 2024, reflecting mostly ...
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