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 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 to Set up Wholly Owned EV, Battery Unit in China
TOKYO (Reuters) - 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 raises profit forecast and aims to double down in China
Toyota raised its full-year profit forecast on cost-cutting efforts, despite recording a second consecutive quarterly drop in profit, as sales growth driven by a hybrid boom cooled off. The world’s largest automaker said on Wednesday that operating profit came in at ¥1.
Toyota raises full-year profit outlook by 9% to nearly $31 billion
Toyota Motor raised its full-year operating profit forecast by 9% on Wednesday, in a sign of confidence in its ability to ride out any potential U.S. tariffs. The world's top-selling automaker raised its profit forecast for the current year through March 2025 to 4.
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.
中国日报网2h
Toyota to build new EV plant in Shanghai
SHANGHAI/TOKYO -- In a strategic move to bolster its presence in the world's largest automotive market, Japanese automaker ...
electrive8h
Toyota to set up fully owned Lexus factory in China
Toyota wants to establish a new wholly-owned subsidiary for the development and production of BEVs and batteries in the ...
Toyota announces Lexus EV plant in Shanghai
Japan's Toyota said Wednesday it will build an electric vehicle plant in Shanghai for its luxury Lexus brand as it raised its ...
Toyota To Open New EV Production Facility In Shanghai
Toyota's partnership with Shanghai aims to support carbon neutrality, focusing on green tech like hydrogen energy and ...
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Toyota to Launch Lexus EV Production in Shanghai by 2027
Toyota Motor (NYSE: TM) is set to establish a wholly owned company in Shanghai to develop and manufacture electric vehicles ...
Toyota sells 10.8M vehicles in 2024, keeps global sales crown for fifth year
Toyota retained its top spot in 2024, selling 10.8M vehicles despite a 3.7% drop, with hybrid sales surging amid challenges ...
Toyota sells 10.8 million vehicles in 2024 to remain world's top-selling automaker
Toyota Motor sold 10.8 million vehicles in 2024, it said on Thursday, remaining the world's top-selling automaker for a fifth ...
Toyota to build new Lexus EV plant in Shanghai
Toyota said Wednesday it will build an EV plant in Shanghai, China. The plant will produce a new Lexus brand EV vehicle.
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 ...