Toyota’s first EV battery plant in the US is ready for business, but there’s more
After releasing Q3 earnings on Wednesday, the company announced that the Toyota Battery Manufacturing North Carolina (TBMNC) plant had finished preparations. Toyota said the facility “is ready to begin production and will start shipping batteries for North American electrified vehicles in April.”
The Shanghai factory is expected to start production in 2027 and will develop a new BEV under Toyota’s premium Lexus brand.
Toyota Motor sold 10.8 million vehicles globally in 2024, retaining its position as the world’s biggest carmaker.
Toyota shares are climbing higher on the back of upbeat guidance, and the Japanese giant’s plans to set up a wholly-owned EV ...
The Tesla Space on MSN1d
Toyota Faces Its Biggest Challenge Yet: Can It Survive?Toyota, the world's largest automaker and a brand synonymous with reliability, is facing an existential crisis. As Tesla's ...
Toyota maintained its title as the world’s top-selling automaker, with nearly 11 million vehicles sold in 2024. However, EV ...
Hybrids represented nearly half of Toyota's global sales in 2024, so not going all-in on EVs has seemingly paid off.
Other bZ4X wins are its excellent 12.3-inch screen, Apple CarPlay and Android Auto smartphone mirroring, comfy fabric and leather seats (fronts are heated and the driver’s power), an auto tailgate and ...
"That's a big deal for the role EVs can play." Toyota just scored $4.5 million to fix EVs' biggest flaw — here's what it's ...
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