Japan has designated batteries for energy storage as important under an economic security law and earmarked close to $2.4 billion to support their supply and development

The automaker aims to launch next-gen lithium-ion batteries in 2026, state-of-the-art solid-state batteries a year later and introduce a "self-propelling" assembly line

The Japanese vehicle-maker is ramping up its investment in its new factory in North Carolina as it bids to join the EV elite

The Japanese auto giant’s top scientist said finite resources mean petrol-electric hybrids will be a more viable option in many countries

The leak stemmed from human error, after a cloud system was set to public instead of private, a Toyota Motor spokesperson said

The world’s leading auto maker by volume is behind the pace in the electric revolution and new CEO Koji Sato is desperate to catch up

The world’s biggest car maker by volume has been slow to join the EV revolution but has pledged to introduce 10 new battery-powered models

The world’s biggest-selling automaker hopes to catch up with its rivals with a host of new electric vehicles by 2026

Both carmakers gained from a plunge in the yen in October last year, even as a shortage of chips and soaring costs of raw materials squeezed global carmakers

For most of 2022, Tesla joined rivals in aggressively raising EV prices but its decision to reverse course now challenges automakers’ established strategy of pursuing profit-over-volume

Toyota has been reviewing a $30 billion, three-stage plan for developing and releasing electric vehicles it announced late last year

The St Petersburg factory has a capacity of 100,000 units a year and produced Toyota's Camry and RAV4 models