Toyota

Longtime Toyota leader and grandson to the company’s founder, Akio Toyoda, revealed Thursday the company is working on its first electric GR sports car.

At a recently held technical briefing, Toyota revealed plans for several new technologies, including next-gen EV batteries, aerodynamic drag reduction, and manufacturing upgrades to help transform the company in the electric era. After discovering a breakthrough, Toyota says it aims to offer solid-state state EV batteries that could potentially offer over 900 miles driving range.

Toyota shareholders are sending a clear message at the Japanese automaker’s annual meeting this year – it’s time to go electric. Several investors have mentioned they have voted or plan to vote to remove longtime leader Akio Toyoda from the board over the automaker’s EV stance.

The Japanese automaker is accelerating its pace toward EVs. Toyota Motor North America announced plans to invest $50 million to build a new US battery lab on Thursday to support the company’s electric vehicle strategy.

Toyota’s largest plant globally is going electric. The company revealed Wednesday it would assemble its new three-row electric SUV at its Georgetown, Kentucky, facility starting in 2025. The new SUV will be Toyota’s first US-assembled EV as the market continues to surpass expectations.

On Wednesday, Toyota, Suzuki, and Daihatsu Motor revealed a new jointly developed battery electric vehicle (BEV) system. The co-developed platform will power a new generation of mini-commercial electric vans.

Three EU based asset management companies holding millions in stake in Toyota Motor have submitted a shareholder request that the Japanese automaker provide a comprehensive, annual review of its climate-related lobbying efforts. Never one to miss an opportunity to show cynicism toward a steadfast BEV future, Toyota has urged his other shareholders to vote against the proposal.

As new, advanced EVs take over the auto market in China, legacy automakers, including Volkswagen, General Motors, Toyota, BMW, Honda, and Mercedes Benz, will all lose significant market share, according to a new Greenpeace report.

The legacy automakers, who once dominated the market in China, are now at risk of losing their positions to domestic EV makers in the region.

Toyota released its financial results for the fiscal year ending March 31, 2023, on Wednesday, as new CEO Koji Sato took over the reins. With the market “rapidly progressing,” Toyota is increasing its EV investments, including plans for a new dedicated platform and next-gen models, which will be revealed this fall.

Sixty-six percent of US car dealers don’t have any EVs to sell, and 45% said they wouldn’t sell them no matter what, according to a new report from Sierra Club about the EV shopping experience in the US.

Toyota is at it again. The automaker’s Australian leader reiterated that Toyota would not be going all-electric despite the federal government’s recent initiatives to boost EV adoption, cut emissions from passenger vehicles, and improve the overall well-being of Australians.

eVTOL developer Joby Aviation announced it has signed a long-term supply agreement with Toyota Motor Corporation to support a mutual goal of reaching mass production of electric passenger aircraft in the US. The agreement extends upon an existing partnership between the two companies.

After revealing a slew of new fully electric vehicles aimed at reconnecting with its customer base in China, Toyota’s recently appointed CEO, Koji Sato, says more needs to be done to keep up with the competition.

Toyota Motor introduced two new fully electric concept models at the Auto Show in Shanghai Tuesday as part of its expanding bZ (Beyond Zero) lineup. The new EVs include a sport crossover and family-oriented SUV that will be launched in China next year.

Toyota’s first electric sedan, the bZ3, powered by BYD technology, received a warm welcome on its first day on the market. The bZ3 secured 5,000 orders on April 16, according to FAW-Toyota, the automaker’s joint venture in China.

One of Toyota’s most prominent suppliers and Japan’s leading auto parts manufacturer, Denso, appointed a new CEO Monday as the industry’s shift to EVs heats up globally.

Toyota’s newly elected CEO, Koji Sato, is tasked with pulling the automaker out of the past and into the modern era. After announcing plans to introduce 10 new EV models on Friday with 1.5 million in electric vehicle sales by 2026, is the automaker doing enough?

A coalition of 54 consumer and environmental groups from 26 countries have written a letter to Toyota asking that the company phase-out fossil fuels globally by 2035, and in Europe by 2030. The letter is timed to coincide with the start of new CEO Koji Sato’s tenure at the company on April 1.

The first Toyota bZ3 electric vehicle powered by BYD technology came off the assembly line this week in China. The co-developed Toyota-FAW bZ3 EV starts at just over $27,000 (189,800 RMB), with deliveries expected to begin soon.

A Toyota executive admitted that the Tesla Model Y is a “work of art” after this team conducted a teardown of the electric SUV.

Toyota China is slashing prices on its first electric SUV, the bZ4X, in an effort to boost sales in an increasingly competitive market. In China, prices for the bZ4X now start at less than $25,000 (169,800 RMB).