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Toyota to ramp up China production to bring sales, production more closer The plan, which has not been previously reported, represents a strategic pivot by the world's top selling automaker in the world's largest car market Toyota aims to make at least 2.5 million vehicles a year in China by 2030, three people said, an overhaul that will see it bring its Chinese sales and production operations closer together and allow local executives a freer hand in development.  The plan, which has not been previously reported, represents a strategic pivot by the world's top selling automaker in the world's largest car market, underlining its ambition to claw back business lost to BYD and other local players in recent years. Toyota's strategy is in contrast to that of other global automakers, including Japanese ones, that are either scaling back or pulling out of China. ©SHIRSENDU KARMAKAR #Toyota

Toyota to ramp up China production to bring sales, production more closer The plan, which has not been previously reported, represents a strategic pivot by the world's top selling automaker in the world's largest car market Toyota aims to make at least 2.5 million vehicles a year in China by 2030, three people said, an overhaul that will see it bring its Chinese sales and production operations closer together and allow local executives a freer hand in development.  The plan, which has not been previously reported, represents a strategic pivot by the world's top selling automaker in the world's largest car market, underlining its ambition to claw back business lost to BYD and other local players in recent years. Toyota's strategy is in contrast to that of other global automakers, including Japanese ones, that are either scaling back or pulling out of China. ©SHIRSENDU KARMAKAR #Toyota

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Toyota sets new global record for annual vehicle sales Toyota said Tuesday that it sold a record 11.2 million vehicles in 2023, cementing its position as the world's top-selling automaker for the fourth successive year thanks to a recovery in demand in all regions and easing semiconductor shortages. The figure, which represents units shifted by the firm and its subsidiaries, represented a jump of 7.2 percent on-year and compares with 9.2 million for Germany's Volkswagen Group, whose unit sales soared 12 percent. South Korea's Hyundai-Kia retained third place in 2023 with 7.3 million units sold, up 6.7 percent. ©SHIRSENDU KARMAKAR #TOYOTA

Toyota sets new global record for annual vehicle sales Toyota said Tuesday that it sold a record 11.2 million vehicles in 2023, cementing its position as the world's top-selling automaker for the fourth successive year thanks to a recovery in demand in all regions and easing semiconductor shortages. The figure, which represents units shifted by the firm and its subsidiaries, represented a jump of 7.2 percent on-year and compares with 9.2 million for Germany's Volkswagen Group, whose unit sales soared 12 percent. South Korea's Hyundai-Kia retained third place in 2023 with 7.3 million units sold, up 6.7 percent. ©SHIRSENDU KARMAKAR #TOYOTA

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Toyota teaming with Cirba Solutions to expand battery recycling network Toyota Motor North America is teaming with battery recycling materials and management company Cirba Solutions to expanding its battery recycling network. Toyota said that its battery collection efforts will include those from hybrid, plug-in hybrid and battery electric vehicles. Toyota’s collaboration with Cirba Solutions will focus on the collection, transportation, dismantling and processing of end-of-life lithium-ion electrified vehicle batteries from the Midwest and East Coast regions. Processing will take place at Cirba Solutions’ Lancaster, Ohio facility. The plant will use advanced technology to extract critical minerals from scrap and end-of-life batteries with an up to 95% recovery rate, then supply battery-grade metals back into the supply chain. ©SHIRSENDU KARMAKAR #Toyota

Toyota teaming with Cirba Solutions to expand battery recycling network Toyota Motor North America is teaming with battery recycling materials and management company Cirba Solutions to expanding its battery recycling network. Toyota said that its battery collection efforts will include those from hybrid, plug-in hybrid and battery electric vehicles. Toyota’s collaboration with Cirba Solutions will focus on the collection, transportation, dismantling and processing of end-of-life lithium-ion electrified vehicle batteries from the Midwest and East Coast regions. Processing will take place at Cirba Solutions’ Lancaster, Ohio facility. The plant will use advanced technology to extract critical minerals from scrap and end-of-life batteries with an up to 95% recovery rate, then supply battery-grade metals back into the supply chain. ©SHIRSENDU KARMAKAR #Toyota