Toyota Motor Stock Price, News & Analysis

Toyota Motor North America has announced the deployment of DC fast chargers in Baldwin Park and Sacramento, California, under its 'Empact' vision. This initiative aims to provide equitable EV charging solutions, particularly to underserved communities. The high-power 350kW chargers are part of a collaboration with EVgo, a leading public fast charging network, and will be operational by 2025. In addition, Toyota's Clean Assist program, which matches residential charging with renewable electricity to reduce emissions, generates revenue that has been reinvested into California's transportation electrification. The deployment locations were selected based on criteria such as resident income levels, demographics, air quality, and potential for EV adoption. The new chargers will be strategically placed in high-traffic areas to support local populations and promote EV use.

Toyota North America has been recognized by Points of Light in The Civic 50 for the second consecutive year. This acknowledgment highlights Toyota's commitment to social impact, civic engagement, and community support. Toyota Financial Services and Toyota Motor North America jointly achieved this ranking. Noteworthy contributions from January to December 2023 include approximately 50,000 volunteer hours, over $67 million donated to social causes, $1 million in Board of Director grants, the launch of The Way Forward Fund, and expansion of the Driving Possibilities initiative. The Civic 50 honors companies with annual U.S. revenues of at least $1 billion based on their community engagement and social impact.

Toyota North America ranked 4th on Fair360's Top 50 Companies for 2024, maintaining its position for the third consecutive year and being the sole automotive manufacturer in the Top 10. This ranking stems from Toyota's commitment to creating an inclusive culture and fostering diversity. The Fair360 survey evaluates companies based on six key areas, including leadership accountability and supplier diversity.

Toyota received special recognitions in several categories, such as No. 2 for Black Executives and LGBTQ Employees, and No. 3 for Philanthropy. In 2023, Toyota team members logged nearly 50,000 volunteer hours with 995 organizations, reflecting a 26% increase in volunteer hours from the previous year.

Additionally, Toyota continues to lead in sustainable mobility, with plans for a 13th manufacturing plant focused on automotive batteries by 2025. The company employs over 63,000 people in North America and supports local communities with over $1 billion in contributions to American nonprofits.

Toyota's Kentucky plant celebrates the production of the ninth-generation Camry, now all-hybrid, showcasing the company's commitment to electrification and long-term job stability in the U.S. The new Camry features a stylish look, more power, and great fuel efficiency. Toyota's recent investment in the Georgetown facility further supports electrification efforts, including the assembly of an all-new, three-row battery electric SUV for the U.S. market. Toyota has announced investments exceeding $18.6 billion in its U.S. manufacturing operations since 2021, reinforcing its commitment to providing customers with a variety of electrified products.

FuelCell Energy and Toyota Motor North America have launched the world's first 'Tri-gen' system at the Port of Long Beach, providing renewable electricity, hydrogen, and water for Toyota's vehicle processing facility. This innovative technology supports Toyota's goal of reducing carbon emissions and demonstrates the benefits of hydrogen-based energy for zero-emission transportation.

Toyota Motor North America (TMNA) has established the North American Hydrogen Headquarters (H2HQ) to accelerate the advancement of fuel cell technology. The facility aims to research, develop, commercialize, and sell hydrogen-related products, with plans to include a flexible microgrid, customer education center, and more. This initiative reaffirms Toyota's commitment to zero-emission technology and reducing carbon emissions.

Toyota Motor North America (TMNA) announced new executive leadership changes to drive growth, enhance commitment to vehicle electrification, and prepare for future mobility. Jack Hollis becomes COO overseeing Sales, Marketing, Manufacturing, and more. Chris Reynolds assumes the role of chief strategy officer focusing on long-term growth and innovation.

Toyota partners with Argonne National Laboratory to investigate direct recycling process for lithium-ion batteries, focusing on cathode chemistries of nickel, manganese, and cobalt. The project aims to achieve cost and carbon footprint savings, contributing to Toyota's closed-loop battery ecosystem for sustainability.

CSU Dominguez Hills (CSUDH) and Toyota Motor North America (TMNA) have partnered to launch a program focused on transportation equity for underserved communities. The Center for Resilient, Equitable, and Sustainable Transportation (CREST) at CSUDH, funded by a $1.2 million grant from Toyota, will address mobility challenges faced by students and the wider community. The program aims to provide accessible, low, and zero emission mobility solutions through research, curricula, and internships. CSUDH will also receive 20 hybrid/electric vehicles from Toyota's KINTO carsharing program. Furthermore, CSUDH is developing a Metro Transit Hub along with the City of Carson to enhance public transportation options and create a campus Mobility Hub.