A new all-electric Toyota model made its first appearance at the Guangzhou Auto Show this week. The Toyota bZ7 concept is a sleek electric sedan that will likely use BYD batteries and motors in China.
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Like most legacy automakers, Toyota is struggling to keep up in China’s intensifying EV market. However, the company isn’t planning to back down like some of its peers. Toyota wants to make “even better cars” while ramping output to keep pace with domestic leaders like BYD.
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Toyota is tightening the reins after seeing its first quarterly profit drop in two years. To maintain profits, Toyota plans to “hold off on investment decisions until the very last moment,” including EV and hybrid investments.
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Japan’s Suzuki has finally unveiled its first all-electric vehicle. On Monday, Suzuki introduced the e Vitara in Europe, a global electric SUV that will soon join Toyota’s lineup.
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Fresh off a $500 million investment from Toyota, eVTOL air taxi developer Joby Aviation has taken its aviation technology to Japan for the first time to demonstrate sustainable flight capabilities for its business partner, which you can view in the video below.
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Enbridge, a Canadian energy company, just announced it’s moving forward with an 815-megawatt (MW) solar project called Sequoia in Texas. When it’s done, it’ll be one of the largest solar farms in North America. The project’s price tag is a hefty $1.1 billion.
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Toyota and Suzuki are teaming up to catch up in the global EV race. Next year, Suzuki will supply Toyota with its first electric SUV, which is set to roll out worldwide. Here’s what to expect from Toyota’s new electric SUV.
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Japan’s largest automaker is struggling as low-priced Chinese EV makers, like BYD, continue gaining an edge. Toyota’s global output fell for the first time in four years in the first half of 2024. Is the company’s slow shift to EVs to blame?
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Another Toyota and Subaru co-developed electric SUV is coming to the US, Europe, and Japan. The new electric SUV will join the current bZ4X and Solterra in the Japanese automaker’s global lineup.
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eVTOL air taxi developer Joby Aviation has secured a fresh round of funding from previous investor Toyota Motor Corporation, totaling $500 million. With its investment, Toyota’s total funding committed to the eVTOL specialist inches closer to $1 billion. The money will help Joby secure flight certification and begin commercial production of its sustainable aerial technology.
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Toyota will not make electric SUVs in the US starting next year as planned. According to a new report, Toyota is delaying production of new electric SUVs in the US by several months. The company is blaming the holdup on slowing EV sales in the US, but are they really?
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A new Toyota electric crossover SUV is about to hit the world’s largest EV market. The Toyota bZ3C leaked in China on Friday, showing a familiar look. The new electric crossover SUV was developed with China’s leading EV maker, BYD.
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Toyota’s former CEO and current chairman, Akio Toyoda, is heading to South Korea next month for a strategic meeting with Hyundai. With a private meeting scheduled between company chairpersons, is a new Toyota and Hyundai EV collaboration coming?
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Toyota’s all-solid-state EV battery plans officially gained approval from Japan’s Ministry of Trade and Industry (METI). The certification gives Toyota the green light to develop and build next-gen EV batteries as part of Japan’s plans to boost domestic supply.
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Toyota revealed plans to cut EV production by a third to its suppliers. The new plans include building roughly 500,000 fewer electric cars by 2026 than initially planned.
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Toyota and Nissan are among several Japanese companies that will invest $7 billion (1 trillion yen) to boost the nation’s EV battery output. The Japanese government will help as it aims to establish a domestic supply chain while moving away from China and South Korea, which currently dominate the market.
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Toyota launched the new, all-electric Proace Verso and smaller Proace City Verso MPVs on Thursday in the UK. Toyota’s new electric people carriers are on sale now with more range, tech, and style than ever.
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Toyota’s luxury Lexus brand will play a key role in the Japanese automaker’s EV plans. After opening its new global headquarters, Lexus is embracing an “ajimigaki” strategy to revamp the luxury brand.
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Toyota’s global sales fell over 5% last month, partly driven by the impact of BYD’s price cuts in key markets like China, Southeast Asia, and even Japan.
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Toyota is planning to build a new EV battery plant on Japan’s “Silicon Island” to keep pace with BYD and other incoming Chinese electric car makers. The factory will strengthen Toyota’s EV supply chain while supplying batteries for its luxury Lexus brand.
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As it looks to close the gap with Tesla and other EV tech leaders, Toyota is set to unveil its first EV with an advanced self-driving system. Toyota’s joint venture, GAC Toyota, confirmed it’s launching an EV with Tesla Full Self Drive-like capabilities next year in China.
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The 2024 Tesla Model 3 RWD is now cheaper to lease than the 2025 hybrid Toyota Camry – here’s how it breaks down.
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China’s leading automaker, BYD, is taking on Toyota in its home market. As it expands into Toyota’s territory, BYD launched the Seal EV in Japan on Tuesday, its third electric car in the country.
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Despite its slow shift to fully electric cars, Toyota may be learning. Toyota announced it’s opening Lexus charging stations to other EVs in Japan, taking a page from Tesla in the US and globally.
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