Toyota plans EV, battery push in China and U.S

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 operating profit drops on lower Japan sales
Toyota Motor has posted its first decline in group operating profit for the April-to-December period in two years. The suspension of production of some models following reports of rigged certification tests drove down domestic sales.
Toyota’s first EV battery plant in the US is ready for business, but there’s more
After releasing Q3 earnings on Wednesday, the company announced that the Toyota Battery Manufacturing North Carolina (TBMNC) plant had finished preparations. Toyota said the facility “is ready to begin production and will start shipping batteries for North American electrified vehicles in April.”
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 Boosts Earnings Guidance, to Set Up China EV Unit
Toyota Motor sold 10.8 million vehicles globally in 2024, retaining its position as the world’s biggest carmaker.
Toyota raises full-year profit outlook by 9% to nearly $31 billion
Toyota Motor raised its full-year operating profit forecast by 9% on Wednesday, in a sign of confidence in its ability to ride out any potential U.S. tariffs. The world's top-selling automaker raised its profit forecast for the current year through March 2025 to 4.
Profit up for Japanese carmaker Toyota in its third quarter
Profit increased for Japanese vehicle manufacturer Toyota in its third quarter compared to the same period of the previous year. Toyota reported that its net income attributable to the company for the third quarter increased to 2.
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 ...
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 ...
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Toyota Remains the World's Most Valuable Auto Brand, Also the Biggest Carmaker in 2024
Just before January ended, the Japanese automaker Toyota Motor Corporation announced its final results for last year - ...
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Toyota Downgraded After Second Straight Profit Drop, But Stock Climbs As Annual Outlook Improves: Retail Stays Optimistic
U.S.-listed shares of Toyota Motor Corp. jumped 4% on Wednesday afternoon, reaching a one-month high, despite the Japanese ...
Toyota likely to post second straight profit drop as sales growth cools
Japan's Toyota Motor is expected to post its second consecutive quarterly profit drop when it reports third-quarter earnings ...
Toyota to build new Lexus EV plant in Shanghai
Toyota said Wednesday it will build an EV plant in Shanghai, China. The plant will produce a new Lexus brand EV vehicle.
Toyota is following Elon Musk's lead as it tries to turn things around in China
The Japanese automaker announced on Wednesday that it would build a new EV and battery factory in Shanghai, after Tesla did ...
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Toyota global vehicle sales fall 4% in 2024
The company retains title as world’s largest automaker.
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 ...