Toyota

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).

Amid new leadership changes, Toyota is reshuffling its business structure, claiming the “time is right” to accelerate battery electric vehicle (BEV) development. Toyota says it will take a new EV-first approach, starting with its luxury brand Lexus.

Automakers have seen the writing on the wall for the car industry, as millions of new e-bike riders opt for lighter and more efficient vehicles. Now Toyota has become the latest in a long line of automakers dipping their toes into the electric bicycle market.

Toyota CEO Akio Toyoda, who has been leading the company since the global financial crisis, is stepping down amid mounting pressure as the industry moves to electric vehicles.

Climate activists across three different social awareness groups have banded together to post over 400 irreverent billboards across Europe, using subvertising tactics to expose automakers like Toyota and BMW for promoting zero-carbon BEVs while simultaneously lobbying to keep combustion vehicles on roads for decades to come. The goal of these billboards is to not only spotlight the harsh truth, but to call local governments into action to ban ads that promote combustion vehicles.

SEA Electric, a global leader in 100% electric commercial powertrain solutions, is leading the charge to eliminate CO2 emissions. The company announced it would convert 8,500 Toyota Hilux and Landcruiser to fully electric powerhouses to be used in the mining industry.

Polestar and Toyota are at two opposite ends of the EV spectrum. The former is building some of the world’s most sustainable electric vehicles, while the latter has been openly opposed to going all-electric. At a recent media briefing, Polestar’s head of sustainability, Fredricka Klaren, took aim at Toyota and its EV strategy (or lack thereof), claiming anything but a fully electric future will fail to address climate change.

Hyundai is officially the third-largest automaker globally after jumpstarting the brand in 2022, behind only Volkswagen and Toyota. However, the South Korean automaker may have an advantage as the auto industry transitions to electric vehicles.

Toyota Motors unveiled its first battery electric vehicle (BEV) pickup truck this week in Thailand. The EV prototype is generating interest among buyers and looks street-ready, but buyers are asking, will Toyota sell its electric pickup in the US?