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...GMO, TIC and Toyota Motor all declined to comment....
...It would allow Toyota to mass-produce solid-state batteries by 2027 or 2028....
...Toyota particularly so, given its long global supremacy as both innovator and competitor....
...Japanese carmaker Toyota has trumpeted its progress, pledging to deliver solid-state batteries as early as 2027....
...Another Toyota group scandal is still fresh in investors’ minds....
...Truckmaker Hino, which is majority-owned by Toyota, also lost some certificates in 2022 after admitting to falsifying emissions data....
...Consumers would balk at buying more expensive fully electric cars, Toyota repeatedly warned....
...As Japan’s second- and third-largest carmakers behind Toyota, both have benefited from having a loyal local fan base. But now, the gap with Toyota is set to widen....
...However, the risk is if EV demand picks up quickly, through mass-market production for example, Toyota might not be ready to take advantage....
...However, others, including perhaps Toyota, think there is more going on....
...Moreover, Toyota Tsusho, the trading arm of the Toyota Group, is one of the start-up’s investors. “Toyota affiliates have a strong presence in the community, and their actions can have an impact....
...Toyota is aiming for as early as 2027, Nissan the year after and Honda by the end of the decade....
...Toyota aims to increase its battery EV sales 15-fold by 2026 compared with 2023 levels to 1.5mn units....
...Toyota promised “a fundamental reform” to revive its subsidiary....
...The latest findings have affected a total of 64 models, including 22 models sold by Toyota....
...Vine, a portfolio manager at M&G, a Toyota shareholder....
...That suggests, say analysts, that there is room for upside in Toyota’s forecasts. Toyota said that for every ¥1 depreciation against the dollar, it benefits by ¥180bn....
...Toyota, too, is working on the same technique as it aims for a massive ramp-up of EV production....
...I do worry that a sudden reversal in the weak yen will hurt exporters such as Sony and Toyota....
...Toyota on Wednesday said it had fully accepted its labour union’s request for a monthly pay increase of up to ¥28,440 ($193), the largest amount since comparable figures were first made available in 1999...
...Toyota and BYD did not respond. In a response to the Financial Times, Toyota said it would closely review the findings of the Human Rights Watch report....
...“Today’s announcement reinforces Toyota’s commitment to electrification and carbon reduction, bringing jobs and future economic growth to the region,” Sean Suggs, president of Toyota North Carolina, said...
...In a statement, Toyota said the approach it was taking to enhance corporate value had “substantially the same content” as the actions required by the stock exchange....
...The retail segment of Inchcape, which has partnerships with brands such as Audi, BMW, Volkswagen and Toyota, contributed to 18 per cent of its total revenue in 2023....
...Nearly four years later, Japan’s second- and third-largest carmakers (behind Toyota) are planning to combine forces to develop electric cars in a bid to survive the coming wave of high-tech, low-cost models...
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