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Toyota announce April-December 2024 financial results

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London, February 06, 2025 (Oilandgaspress) –- Toyota announced its financial results for the third quarter of the year ending in March 2025 (April-December 2024). The results and full-year forecast are as follows:

At the briefing, Toyota also outlined the establishment of a new company that will develop and produce Lexus battery electric vehicles (BEVs) and automotive batteries in China.

In addition, Toyota announced that its American battery manufacturing company (Toyota Battery Manufacturing, North Carolina (TBMNC)) is ready to begin production and plans to begin shipping batteries in April.

TBMNC will produce batteries for Toyota’s hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and BEVs.

The company announced a total investment of approximately $14 billion, with plans to ultimately create some 5,000 new jobs.

The development and production of electrified vehicles and batteries will further strengthen a multi-pathway strategy tailored to local needs. Toyota strives to be a “best-in-town” company that is loved and trusted in every country and region where it operates.

Information Source: Read More

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