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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Toyota is once again facing scrutiny under Chairman Akio Toyoda’s leadership, and two of the Japanese automaker’s largest shareholders have seen enough. Following a recent report of misconduct regarding inadequate vehicle verification testing amid a previous wave of certification violations, the descendant of Toyota’s original founder is on the hot seat.
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As EV sales surge in China, BYD’s workforce has expanded rapidly, adding nearly 500,000 employees since 2019. BYD’s workforce is now roughly double that of Toyota’s as China’s EV leader expands overseas.
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Despite the market moving toward EVs, Toyota, Subaru, and Mazda are committed to developing next-generation ICE engines. The new engines are “tailored to electrification” with integrated EV components.
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Is Toyota catching up in the US electric vehicle market? Although Toyota’s US boss, Ted Ogawa, admits it’s behind Tesla, he believes the company is “catching up” on electric vehicles and new tech.
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Launched as a joint venture between Toyota Group and Tier 1 supplier Hexagon Purus, the new Tern brand of heavy duty electric trucks announced Hino Trucks as its exclusive US distributor.
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To keep up with surging BYD, Tesla, and other EV makers, Toyota is launching a new all-electric crossover. The Toyota bZ3C looks like the new Prius, but the electric SUV crossover won’t be available in the US.
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Following the launch of BYD’s first pickup, the Shark PHEV, Toyota is testing an all-electric Hilux BEV model. Toyota is preparing to produce its first electric pickup in Thailand by the end of next year.
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Toyota has the worst climate lobbying score of any automaker, and the third-worst 2030 EV production plans, according to InfluenceMap’s annual report on climate lobbying.
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Subaru and Toyota are building on their partnership with plans to build three new electric crossovers. The company said that teaming up with Toyota will help minimize the “huge risk” of building EVs alone.
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Toyota today announced that it’s turning its R&D office in Los Angeles into its new North American hydrogen headquarters.
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Another fully electric large Toyota SUV is on its way. Toyota announced it’s preparing its three-row electric SUV as part of a new $1.4 billion investment in Indiana. Is this the electric Toyota Highlander EV we’ve been waiting for?
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Toyota is now leasing its one all-electric car, the bZ4X, for just $129/mo and $2k down.
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After a slow start, Toyota is looking to shake things up with its next round of electric cars. Toyota’s second best-selling SUV in the US, the Toyota Highlander, is going fully electric. It could be followed by other familiar names like the Tacoma and Tundra.
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Tesla maintains an 87% brand retention rate, with Lexus (68%) and Toyota (54%) trailing, according to a new Bloomberg Intelligence survey.
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Toyota has made its fully electric 2024 bZ4X – which only just landed on dealers’ lots – available to lease with a $10,000 discount.
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Toyota’s EV sales were up 9% in the first three months of 2024, but only 1,897 Toyota electric vehicles were handed over in the US. That’s only a fraction of Toyota’s over 486,000 total Q1 US sales.
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An all-electric Toyota pickup may be closer than expected. According to the company’s Thailand president, Toyota will launch an electric Hilux pickup by the end of 2025. The move comes after Japanese rival Isuzu is set to reveal its first 100% electric truck later this month.
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A new Japanese all-electric EV pickup is set to hit global markets, and it’s not a Toyota. Isuzu will unveil its first 100% electric pickup truck, the D-MAX BEV, later this month. The rugged-looking 4X4 EV will compete with Ford’s F-150 Lightning in overseas markets.
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