Toyota - 2023

Toyota Motor Corporation (TMC) has agreed with Panasonic Holdings Corporation (Panasonic HD) to make Primearth EV Energy Co., Ltd. (PEVE) a wholly-owned subsidiary to strengthen its capabilities in mass-producing automotive batteries. The acquisition is scheduled to take place in late March. Among Toyota-affiliated companies, currently PEVE, Toyota Industries Corporation, and Prime Planet Energy & Solutions, Inc...

5 March 2024

Toyota announced a $1.3 billion investment at its flagship Kentucky facility for future electrification efforts including the assembly of an all-new, three-row battery electric SUV for the U.S. market. The project brings the plant's total investment to nearly $10 billion and reinforces Toyota's commitment to high-quality vehicles and long-term job stability. The investment supports the previously announced future...

7 February 2024

Earlier this week, two BEV concepts by Toyota made their European after they have already been showcased at the Japan Mobility Show 2023 held in late October 2023. Toyota FT-3e features the versatile new generation BEV architecture that allows to create a wide variety of products including the Lexus LF-ZC luxury sedan and the performance-oriented FT-Se sports car. These next-generation BEV vehicles are designed to...

8 December 2023

At Toyota Motor Europe’s (TME) 2023 Kenshiki event last week, a team of Global and European executives presented the company’s latest electrified products and technologies. Kenshiki means insight in Japanese and this year’s edition to an audience of over 300 media, focused on the battery-electric and hydrogen-powered vehicles which will play a significant role in the company's multi-pathway strategy in the years...

8 December 2023

Toyota will invest an additional $8 billion in its first North American electric vehicle battery manufacturing facility, announced the Economic Development Partnership of North Carolina, adding another 3,000 jobs. The project, dubbed "Toyota Battery Manufacturing North Carolina" (TBMNC) was first announced as a $1.29 billion investment in 2021, with expansions in 2022 and 2023. Now valued at $13.9 billion, the...

13 November 2023

On October 25th, Toyota and Lexus will give successive press briefings as part of their participation in the Japan Mobility Show 2023. The Toyota press conference is scheduled for 8:45 JST and the Lexus one will begin at 10:00 JST. We expect to see the Land Cruiser Se which offers the high-torque driving performance unique to BEVs, together with an elegant, stylish design. Toyota further broadens the Land Cruiser...

23 October 2023