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Tag Archives: Toyota Motor Corporation
PEVE to Become Toyota Battery Company
Toyota Motor (NYSE:TM) in Japan confirmed today that Primearth EV Energy Co., Ltd. (PEVE) will become a wholly-owned subsidiary of Toyota Motor. The subsidiary will use the technology advanced through Toyota’s hybrid vehicle battery business to date. and presumably improve on it. The transaction is scheduled to be approved at PEVE’s Annual General Meeting of Shareholders in late June 2024. It’s the latest in a series of moves by Toyota to become a dominant EV company.
“The new company name embodies our determination to leverage the technology and skills honed since PEVE’s establishment in 1996 to contribute to the competitiveness of Japanese batteries and become a company that provides high-quality and highly safe on-board batteries. In addition to batteries for Hybrid Electric Vehicles (HEVs), we plan to produce batteries for Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs). Through our efforts in the production of diverse and next-generation on-board batteries, we hope to create new value and be useful to society,” PEVE said. Continue reading
Posted in connected vehicles, electric vehicles, electronics, energy, environment, global warming, milestones, mobility company, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, bevs, ev batteries, hevs, Ken Zino, Masamichi Okada, PEVE, PHEVs, Primearth EV Energy Co., Toyota Motor Corporation
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Toyota Ending Production at Saint Petersburg Plant
“We must now act in a way that allows us to protect the values and principles that our predecessors built up and be confident that we can pass them on to the next generation,” TMC said in a statement. It’s the latest example of global automakers realizing how perilous it is to do business with a mercurial, tyrannical regime. Is China next? Continue reading
Posted in manufacturing, news analysis
Tagged auto industry commentary, autoinformed.com, Camry, Ken Zino, lexus, putin, rav4, Saint Petersburg, Toyota Motor Corporation
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Toyota to Cut AA Shares for Sustainable Development
If the transaction proceeds, shareholders who by exercising their voting rights to a “high degree” have actively participated in the management of TMC will no longer be of concern to TMC management. Environmental, social and corporate governance issues – so-called ESGs – are at the heart of a growing movement to measure the sustainability and societal impact of an investment in a company or business. The theory – yet to be convincingly proven in AutoInformed’s view – is that this will help predict the future financial performance of companies. Continue reading
Toyota and Amazon Web Services Working on Connected Cars, Ridesharing, Driving Behavior-Based Insurance…
It’s the latest example of an emerging trend among automakers to offer owners and lessees thus far unclear advantages of processing and analyzing data from vehicle use from Toyota’s growing worldwide fleet of connected vehicles. Nowhere in the announcement was an acknowledgement that the use of such customer data raises vast unaddressed privacy, security and law enforcement concerns. Continue reading
JAXA and Toyota Agree on Future Mobility – a Lunar Rover
Mobility is necessary for human exploration activities on the lunar surface. Even with the limited amount of energy that can be transported to the moon, the pressurized rover would have a total lunar-surface cruising range of more than 10,000 km. Continue reading
J.D. Power – Most Owners Love Their Three-Year-Old Wheels
“Vehicle dependability continues to improve, but I wouldn’t say that everything is rosy,” noted Dave Sargent, Vice President of Global Automotive at J.D. Power. “Vehicles are more reliable than ever, but automakers are wrestling with problems such as voice recognition, transmission shifts and battery failures. Continue reading
Posted in engineering, manufacturing, news analysis, quality
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, chrysler, connected vehicles, General Motors Company, J.D. Power 2019 U.S. Vehicle Dependability Study, Ken Zino, lexus, new vehicle reviews, Toyota Motor Corporation
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TMC Posts Revenues of $265 Billion for Fiscal Year
Region by region Toyota is experiencing the effects of a slowdown in the global automotive economy along with an ongoing increase in competition. As a result, volume is down slightly, but operating income is up. Continue reading
Posted in economy, financial results, sales
Tagged autoinformed.com, Ken Zino, tmc, TMC Fisal Year 2017 results, Toyota Motor Corporation
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Strong Yen Hurts Toyota Motor Profits as Sales Rise
Nevertheless, TMC’s Board of Directors agreed to pay 100 yen per share as the interim dividend on common shares, and have also resolved to buy back up to 200 billion yen, or 40 million shares, of the company’s common stock. Continue reading
Toyota’s Next-Gen Battery Plan Certified by METI
Toyota Motor Corporation said today that the development and production plans for its next-generation batteries (performance version) and all-solid-state batteries were certified by the Ministry of Economy, Trade and Industry (METI) as part of the Japanese government’s “Supply Assurance Plan for Batteries. Certification was granted for (1) production of next-generation batteries (performance version) at Prime Planet Energy & Solutions, Inc. (PPES), (2) production of next-generation batteries (performance version) at Primearth EV Energy Co., Ltd. (PEVE)* and (3) R&D and production of all-solid-state batteries.
“By advancing battery development and production in Japan, Toyota aims to contribute to the further development of the industry and the strengthening of the production infrastructure of batteries. Additionally, by enhancing the competitiveness of batteries, Toyota seeks to improve the marketability of electrified vehicles and achieve carbon neutrality through a multi-pathway approach,” Toyota said in a release. Continue reading →