Toyota, the world’s largest automaker, has signed an agreement with South Korea’s LG Energy Solution to supply lithium-ion batteries for its electric vehicles that will be assembled in the U.S. The deal will support Toyota’s ambitious plan to offer 30 battery-electric vehicle models across its Toyota and Lexus brands and produce up to 3.5 million…
TOKYO, JAPAN: Shares of Japanese automaker Toyota experienced a significant surge of 5% on Tuesday following the company’s announcement that it will introduce a complete range of battery electric vehicles (EVs) featuring “next generation” batteries starting in 2026. Toyota’s new EV unit, called BEV Factory, which was established in May, will be responsible for the…
Toyota Motor Corp, Daihatsu Motor Co, and Suzuki Motor Corp unveiled a micro-sized electric van on Thursday, targeting Japan’s delivery industry. The van, which will be available in Toyota, Daihatsu, and Suzuki-branded versions, will have a range of about 200 kilometers (124 miles) on a single charge and is slated to be released by the…
PARIS, FRANCE: Air Liquide, CaetanoBus and Toyota Motor Europe have signed a Memorandum of Understanding to developing integrated hydrogen solutions, including infrastructure development and vehicle fleets, to accelerate the expansion of hydrogen mobility for both light and heavy-duty vehicles, a news release noted.The partnership reflects the shared ambition of the three partners to contribute to…
PARIS, FRANCE: Getlink and CAT Group have launched a new cross-Channel rail freight service transporting Toyota vehicles, for a period of 6 years, between Toton (UK) and Kolin (CZ) via Onnaing (FR), a statement noted. This new traffic alone represents growth of +15% in annual cross-Channel freight on a like-for-like basis, compared to 2021. It…
GEORGETOWN: Toyota Motor will invest $461 million into its central Kentucky plant to add new technology, increase production flexibility and reduce its carbon footprint. Plans include upgrading the Georgetown plant with advanced manufacturing equipment and technologies that will increase speed, flexibility, and competitiveness, the statement said. That includes improvements to expand the plant’s ability to…
KARACHI, PAKISTAN: Indus Motor Company (INDU), the assembler of Toyota vehicles in Pakistan, has announced a whopping $100 million investment in Hybrid Electric Vehicles (HEVs) production over next three years, a bourse filing said on Wednesday. “We are pleased to announce that based on the incentives provided against certain taxes and duties as announced by…