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Toyota Boosts Earnings Guidance

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,

Reuters · 2d

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.

AOL · 2d

Toyota stock climbs on guidance boost, new China EV unit

Toyota shares are climbing higher on the back of upbeat guidance, and the Japanese giant’s plans to set up a wholly-owned EV unit in China.

Benzinga on MSN · 2d

Toyota’s Operating Profit Falls for Second Consecutive Quarter, Net Income Surges

Toyota Motor reported a second consecutive quarterly profit drop Wednesday, posting a 28% year-on-year decline in operating profit. Toyota’s net income grew significantly, keeping its full-year dividend forecast unchanged from the previous year.

DPA International on MSN · 2d

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.

2don MSN

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 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.

Electrek2d

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 ...

2don MSN

Toyota’s First EV Battery Factory In America Is Ready

Toyota ’s battery manufacturing facility in North Carolina is ready to begin production after a nearly $14 billion investment ...

2don MSN

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 ...

WUNC2d

Toyota's North Carolina factory will soon start making EV batteries

The company will hire more than 5,000 workers to make batteries for hybrid and electric cars as part of Toyota's approach to ...

Electrek8d

Toyota EV sales continued lagging in 2024 at only 1%

Despite hybrids reaching a record 40% share in 2024, Toyota’s EV sales lagged the industry. Last year, Toyota, including Lexus, sold just 139,892 pure EV models, accounting for just 1.4% of ...