|Bid||127.16 x 300|
|Ask||127.19 x 100|
|Day's Range||126.74 - 127.42|
|52 Week Range||103.62 - 128.11|
|PE Ratio (TTM)||11.16|
|Forward Dividend & Yield||3.93 (3.15%)|
|1y Target Est||N/A|
Toyota said it would market more than 10 all-electric vehicle (EV) models globally in the early 2020s, a target which could require the firm to look beyond its partnership with Panasonic to co-develop and supply batteries. Setting an annual sales target of around 1 million zero-emission battery EVs and fuel-cell vehicles (FCVs) by 2030, the automaker said in order to achieve this it would need to make an investment of over $13 billion to develop and make batteries. Toyota, the world's second-largest automaker by sales after Volkswagen, added it needed to accelerate the pace of battery development as tightening global vehicle emissions regulations would require a steep increase in manufacturing capacity for more powerful batteries.
The announcement from Toyota comes via a Tokyo press briefing on Monday, which elaborates on earlier comments made by the company around its intent to target China first for fully electric vehicle sales. To help make this happen, Toyota will partner with Panasonic on battery tech, including developing next-generation, new batteries as well as current gen lithium-ion powerhouses. Toyota's plans also involve getting to a point where around half of its annual vehicle sales are accounted for by electrified cars, including both hybrid and fully electric vehicles – it has a firm target of 5.5 million electrified vehicles sold annually by 2030.
As the next decade approaches, Toyota Motor Corp. (NYSE: TM) wants to position itself as a leader in the electric car market, the company announced Monday. By 2025, the auto manufacturer said every Toyota ...
After lagging the market for electric vehicles, Toyota announces ambitious plans to catch up and dominate the market.
Toyota is planning to up its game in the electric vehicle market. The Japanese automaker announced plans Monday to accelerate its development of electric vehicles as part of an effort to reduce global new-vehicle carbon dioxide emissions by 90 percent from 2010 levels. Toyota said it aims to generate sales of more than 5.5 million electrified vehicles, including more than 1 million zero-emission vehicles by 2030.
During the next decade, Toyota will be focusing on putting out more electric vehicles. The company says that it hopes to have more than 10 zero-emission vehicles ready for customers by 2025. This includes a range of battery electric vehicle (BEV).
President Donald Trump’s bid to speed up regulatory approvals is relying on a "lean manufacturing" approach inspired by Toyota Motor Corp.
In line with its Toyota Environmental Challenge 2050, Toyota (TM) plans to offer electrified vehicles across all Toyota and Lexus models by 2025.
Toyota's plans for the next decade plus are ambitious, but they may run into a wall of competition for a market that could be smaller than expected.