Toyota Boosts Earnings Guidance

Japan's Toyota announces EV and battery push in China and U.S., as its quarterly profit surges
Toyota is developing and making electric vehicles and EV batteries in China, the Japanese automaker said Wednesday, under a new partnership with the Shanghai government. Toyota Motor Corp. also announced it will start producing batteries for EVs,
Toyota to set up wholly owned EV, battery unit in China
Toyota Motor will establish a wholly owned company in Shanghai to develop and produce electric vehicles and batteries for the Lexus brand, with production set to start in 2027, the world's top-selling automaker said on Wednesday.
Toyota Boosts Earnings Guidance, to Set Up China EV Unit
Toyota Motor sold 10.8 million vehicles globally in 2024, retaining its position as the world’s biggest carmaker.
Toyota stock climbs on guidance boost, new China EV unit
Toyota shares are climbing higher on the back of upbeat guidance, and the Japanese giant’s plans to set up a wholly-owned EV unit in China.
Toyota’s Operating Profit Falls for Second Consecutive Quarter, Net Income Surges
Toyota Motor reported a second consecutive quarterly profit drop Wednesday, posting a 28% year-on-year decline in operating profit. Toyota’s net income grew significantly, keeping its full-year dividend forecast unchanged from the previous year.
Profit up for Japanese carmaker Toyota in its third quarter
Profit increased for Japanese vehicle manufacturer Toyota in its third quarter compared to the same period of the previous year. Toyota reported that its net income attributable to the company for the third quarter increased to 2.
Toyota unveils a plan to become ‘more loved’ in China by taking a page out of Tesla’s playbook: A wholly-owned Shanghai EV plant
The Shanghai factory is expected to start production in 2027 and will develop a new BEV under Toyota's premium Lexus brand.
Toyota is following Elon Musk's lead as it tries to turn things around in China
The Japanese automaker announced on Wednesday that it would build a new EV and battery factory in Shanghai, after Tesla did ...
Electrek7d
Toyota EV sales continued lagging in 2024 at only 1%
Toyota maintained its title as the world’s top-selling automaker, with nearly 11 million vehicles sold in 2024. However, EV ...