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Toyota Motor Co

Overview
Activities

Toyota Motor Corp (TYO: 7203) is a leading manufacturer of automobiles in the world (ranked #1 in 2021 based on total revenue). Originally commencing operations as the automobile arm of Toyota Industries Corporation, the company was established as a separate entity in 1937. The merger of Toyota Motor Company and Toyota Motor Sales in 1982 saw the formation of the current entity, Toyota Motor Corp. The company has been consistently ranked within the top20 of Fortune 500 Global top 50.

Toyota (primarily) offers automobiles under two value propositions: the core Toyota brand catering to the mass market and the Lexus brand targeting the premium market. Additionally, it makes and sells mini-cars and mini-trucks under the Daihatsu label and commercial vehicles under the Hino label, targeting the home market of Japan. Total unit sales for FY2023 were over 8.8 million, with hybrid models accounting for 28%. The company generated revenue of JPY 37.2 trillion in FY2023.

North America, Japan, and the rest of Asia are the three largest markets for Toyota, contributing to 27%, 24%, and 20% of total unit sales in FY2023 , respectively. In China, the automaker operates via JVs with China FAW Group Corporation and Guangzhou Automobile Group for locally produced vehicles, while the Lexus brand is imported into the country. In China, Toyota plans to launch two models of locally developed battery electric vehicles (BEVs) in 2024, fit to the local needs. Toyota targets modest bottom-line growth of 5.2% for FY2024 while investing heavily in battery EVs over the medium term. The company targets to sell 3.5 million battery EV models by 2030 and achieve carbon neutrality by 2050.

HQ Location:
1-4-18 Koraku Bunkyo-ku Tokyo JPN
Founded year:
1937
Employees:
10,000+
Subunits:
Toyota Tsusho
Toyota Ventures
Transportation & Logistics
Financial Services
Energy & Climate Change
Aerospace & Defense
Manufacturing
EV Economy
EV Economy
Auto Tech
Auto Tech
Truck Industry Tech
Truck Industry Tech
Last-mile Delivery Automation
Last-mile Delivery Automation
Passenger eVTOL Aircraft
Passenger eVTOL Aircraft
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Recent Updates

Product updates
May 20, 2024
Hino Trucks announces distribution of new Tren trucks in the US at ATC Expo 2024
Truck Industry Tech
Product updates
Partnerships
Feb 11, 2024
Toyota to launch robotaxi services in Odaiba, Japan in partnership with May Mobility and Monet Technologies
Auto Tech
Product updates
Jan 23, 2024
Toyota to launch two variants in Land Cruiser EV range
EV Economy
Regulation/policy
Jan 15, 2024
Pony.ai and GAC Toyota secure approval for Sienna robotaxi commercial operation in Guangzhou, China
Auto Tech
Partnerships
Jan 10, 2024
EVgo and Toyota extend partnership for complimentary charging on new bZ4x models
EV Economy
Funding
Partnerships
Nov 7, 2023
May Mobility raises USD 105 million in Series D funding
Auto Tech
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