Toyota falters as Japan’s EV hesitancy claims second victim in China
Japan’s largest automaker, Toyota Motor, is laying off workers in China as the company struggles to keep up in the world’s biggest EV market.
Expand Expanding CloseJapan’s largest automaker, Toyota Motor, is laying off workers in China as the company struggles to keep up in the world’s biggest EV market.
Expand Expanding CloseToyota’s joint venture in China, FAW-Toyota, issued a recall plan for its electric sedan in China. The recall affects over 12,000 Toyota bZ3 models produced this year due to defective rear door handles.
Expand Expanding CloseIt looks like a new electric Lexus three-row SUV could be on its way. Toyota filed four trademark requests this week with the EU Intellectual Property Office (EUIO) for a new Lexus TZ model.
Expand Expanding CloseToyota and Stellantis, two of the world’s largest automakers with a history of opposing an all-electric future, filed complaints with the US government as the EPA finalizes its 2027-2032 proposed emissions standards to slash air pollutants and greenhouse gas emissions.
Expand Expanding CloseAt a recent general meeting, Toyota’s shareholders raised concerns over Tesla and the lead it has established as the industry moves to electric vehicles.
Expand Expanding CloseOn Friday, Toyota Motor North America announced several leadership changes as it inches toward its commitment to electrification. As part of the changes, Toyota is establishing a new “senior vice president of electric vehicle supply” role to lead the automaker’s North American EV supply and production strategy.
Expand Expanding CloseArtificial intelligence (AI) is becoming increasingly capable of performing complex tasks. Toyota plans to harness the power of AI to improve the car design process while optimizing vehicle aerodynamics, a critical factor in enhancing EV range.
Expand Expanding CloseThe question on everyone’s mind is – when exactly is Toyota going all electric? Toyota Motor Europe’s chief operating officer recently gave some insights into when the automaker could be planning to sell 100% EVs.
Expand Expanding CloseTo accelerate domestic battery output and establish a reliable supply chain, Japan is awarding nearly 120 billion yen ($847 million) to fuel Toyota’s newly revealed EV battery tech strategy.
Expand Expanding CloseLongtime Toyota leader and grandson to the company’s founder, Akio Toyoda, revealed Thursday the company is working on its first electric GR sports car.
Expand Expanding CloseAt 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.
Expand Expanding CloseToyota 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.
Expand Expanding CloseThe 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.
Expand Expanding CloseToyota’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.
Expand Expanding CloseOn 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.
Expand Expanding CloseThree 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.
Expand Expanding CloseAs 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.
Expand Expanding CloseToyota 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.
Expand Expanding CloseSixty-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.
Expand Expanding CloseToyota 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.
Expand Expanding CloseeVTOL 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.
Expand Expanding CloseAfter 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.
Expand Expanding CloseToyota 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.
Expand Expanding CloseToyota’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.
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