Toyota Reveals its EV Strategy

They happen to be the biggest automobile manufacturer in the world. Yet Toyota has been strangely absent from the rather robust industry conversation about EVs in the last few years. For a company that spends $13bn annually on research & development and has been at the forefront of advancing tech for eighty years, why haven’t […]

Exclusive: Toyota to Outline 3-Year EV Plan Changes to Suppliers - Sources

Toyota Motor Corp is expected to outline adjustments to its electric vehicle (EV) strategy to key suppliers early next year, as it races to narrow the gap on price and performance with industry leaders Tesla and BYD, two people with knowledge of the work said. The leading Japanese automaker is expected to detail the EV […]

Toyota-Panasonic Battery JV to Buy Lithium from ioneer's Nevada Mine

A joint battery venture of Toyota Motor Corp and Panasonic Corp will buy lithium from ioneer Ltd’s Rhyolite Ridge mining project and use the metal to build electric vehicle batteries in the United States. The binding supply deal, announced on Sunday, is the second in less than a month for ioneer and a strong vote […]

Like Tesla, Toyota Develops Self-Driving Tech with Low-Cost Cameras

Toyota Motor Corp unit Woven Planet is following the lead of Tesla Inc in trying to advance self-driving technology with low-cost cameras. Woven Planet told Reuters it is able to use cameras to collect data and effectively train its self-driving system, a “breakthrough” that it hopes will help drive down costs and scale up the […]

Toyota to build $1.3B battery plant near Greensboro, NC

Toyota announced on Monday that it plans to build a $1.3 billion electric vehicle battery plant near Greensboro, North Carolina, that will employ at least 1,750 people and help meet the auto giant’s growing goals of electric vehicle sales this decade. Company leaders joint Gov. Roy Cooper and other elected and economic-development officials gathered to […]