Toyota Motor Stock Price, News & Analysis

May Mobility announced the closing of a $111 million Series C funding round, bringing total funding to $194 million. The funding aims to enhance technology and expand operations, focusing on driver-out autonomous vehicle (AV) deployments, particularly with the Toyota Sienna Autono-MaaS platform. Collaborations with partners like Toyota and State Farm Ventures underline support for AV technology. The company is also developing the Toyota e-Palette platform to further transform mobility. The investment reflects confidence in reducing road accidents through AVs.

Toyota Motor North America reported a decline in U.S. vehicle sales for June 2022, totaling 170,155 units, down 17.9% from June 2021. For the first half of 2022, sales reached 1,045,697, marking a decrease of 19.1%. Notably, electrified vehicle sales comprised 23.5% of monthly sales, with 39,965 units sold in June, and 25.5% year-to-date, totaling 266,413 units. Despite sales challenges, Toyota launched several new models and expects to introduce more electrified options later this year. The company continues to focus on customer satisfaction amid ongoing inventory issues.

Toyota has announced the establishment of its new battery manufacturing plant in North Carolina, marking a $1.29 billion investment. The facility will produce lithium-ion batteries, enabling the production of batteries for 200,000 vehicles annually starting in 2025. The plant will employ 1,750 workers and is set for future expansion to produce batteries for up to 1.2 million vehicles yearly. Key leadership includes Sean Suggs as president. This initiative aligns with Toyota's commitment to sustainable mobility and enhancing its electric vehicle production.

Toyota Motor North America is collaborating with Redwood Materials to create a sustainable, closed-loop battery ecosystem aimed at reducing its environmental footprint. The partnership focuses on end-of-life battery solutions, including collection, testing, remanufacturing, and recycling. With plans to ramp up production of battery materials to meet growing electric vehicle demand, Toyota is investing $1.29 billion in a new battery plant in North Carolina, aiming to produce battery packs for 1.2 million electrified vehicles annually. This initiative aligns with Toyota’s goal of achieving carbon neutrality by 2050.

Toyota is addressing the critical water scarcity challenge in the U.S., where only 3% of the world's water is fresh and accessible. Agriculture consumes 70% of available fresh water, emphasizing the need for conservation. The company is leading efforts in water efficiency, particularly in manufacturing, aiming to become carbon neutral by 2035. A program titled "WATER: We Have Too Much, But Not Enough" will premiere on June 17, showcasing innovative water management solutions in its manufacturing processes, narrated by Adrian Grenier. The program aims to explore the intersection of climate change and water access.

The all-new 2023 Toyota Sequoia is set to redefine the full-size SUV market with its powerful twin-turbo V6 hybrid engine, delivering 437 hp and 583 lb.-ft. of torque. With a maximum towing capacity of up to 9,520 lbs., it’s designed for heavy-duty performance. Assembled in San Antonio, Texas, the vehicle features a modern body-on-frame chassis and advanced technology, including a new multimedia system. The Sequoia will be available in five grades starting at an MSRP of $58,300, hitting dealerships late summer 2022.

Toyota's North American operations have announced significant executive leadership changes as part of its ongoing transformation strategy. Key retirements include Bob Carter and Zack Hicks, with Tim Ingle and Steve Basra promoted to critical roles. The changes aim to enhance dealer relations, achieve carbon neutrality goals, and strengthen mobility services. These shifts will take effect on June 20, 2022, promoting fresh leadership across various departments to drive growth and innovation.

Toyota and its subsidiary Woven Planet have developed a prototype for a portable hydrogen cartridge aimed at improving everyday energy use. This initiative is part of their efforts to explore hydrogen as a means to achieve carbon neutrality. The cartridge is designed to be portable and affordable, facilitating hydrogen use in various applications. Upcoming Proof of Concept trials will take place in Woven City, a smart city under construction in Japan. This project aims to make hydrogen energy accessible and safe, with a goal of transforming how people utilize clean energy in their daily lives.

Stratasys has partnered with Toyota Racing Development (TRD) to utilize additive manufacturing in creating production parts for the upcoming Toyota GR86 in the GR Cup Series. This partnership demonstrates a shift from prototyping to end-use parts in racing applications.

The integration involves advanced 3D printers such as the Fortus 450mc and F370, facilitating innovative manufacturing practices. This collaboration marks a significant evolution in high-performance automotive applications, enhancing TRD's production capabilities.