Takayuki Yao

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Articles

Toyota and BMW to form alliance in fuel cell vehicle manufacturing

Aug 27, 2024 | asia.nikkei.com | Eiki Hayashi |Takayuki Yao

FRANKFURT/NAGOYA -- Toyota Motor and BMW will upgrade their partnership in fuel cell vehicles as the two auto giants see them as prospective next-generation eco-friendly models amid slowing growth in demand for electric vehicles, Nikkei has learned. BMW aims to begin mass production of a fuel cell vehicle model in a few years. The Japanese and German companies are set to sign a memorandum of understanding for the partnership next week and announce it during BMW's media roundtable on Sept. 5.
Toyota to set up EV battery plant in Japan's 'Silicon Island'

Jul 26, 2024 | asia.nikkei.com | Takayuki Yao |Yuki Fukumoto

NAGOYA, Japan -- Toyota Motor will build a battery plant for electric vehicles in Kyushu, the southernmost of Japan's four main islands, Nikkei has learned. The company aims to position Kyushu, which is home to many auto and semiconductor plants, as a central part of its EV supply chain and an export base to Asia. While Chinese manufacturers are turning heads with cheaper EVs in Asia, Toyota hopes to make its luxury Lexus brand a pillar of its EV strategy.
Toyota goes all-in on hybrids in U.S. as Trump risks loom over EVs

Jul 19, 2024 | asia.nikkei.com | Azusa Kawakami |Takayuki Yao

PLANO, Texas/NAGOYA --Toyota Motor will make all major models in the U.S. available as hybrids by 2030, doubling down on its strength in the vehicles as uncertainty shadows the market for electrics. At a Thursday test-drive event at Toyota's North American headquarters -- the first in years -- half of the 26 models featured were hybrids. Just two were electric vehicles.
Toyota scandal raises questions about automaker's testing compliance

Jun 4, 2024 | asia.nikkei.com | Takayuki Yao

NAGOYA -- The newest scandal in Japan's auto industry has shed light on Toyota Motor's overconfidence in internal testing, underscoring a disregard for following government standards. Toyota, Mazda Motor, Honda Motor, Suzuki Motor and motorcycle maker Yamaha Motor have admitted to irregularities in testing, the Ministry of Land, Infrastructure, Transport and Tourism said Monday. Deliveries of six models have been halted.
Toyota testing scandal leaves another stain on Japan auto industry

Jun 3, 2024 | asia.nikkei.com | Takayuki Yao

TOKYO -- The latest testing scandal surrounding Japanese automakers has ensnared previously untouched players including Toyota Motor, further undermining the reputation for quality that has supported a pillar of the nation's manufacturing sector. Toyota, Mazda Motor and motorcycle maker Yamaha Motor have suspended shipments of six models over safety testing irregularities in their applications for the model certification that the Japanese government requires for mass production.
Toyota group faces added pressure as foreign ownership grows

May 31, 2024 | asia.nikkei.com | Takayuki Yao

NAGOYA, Japan -- Overseas investors are increasing holdings in Toyota Motor and its group companies across the board, a trend that is forcing the automaker group to contend with the demands of vocal shareholders. The percentage of foreign investors grew at nine major Toyota group companies, according to data from shareholder meeting material released through Thursday.
Toyota valuation doubles in new CEO's 1st year, nearing Tesla

Apr 7, 2024 | asia.nikkei.com | Ryohei Shimizu |Takayuki Yao

NAGOYA, Japan -- In the year since Koji Sato took the wheel as Toyota Motor's president and CEO, the Japanese automaker reached new highs in valuation and earnings while also grappling with quality control scandals at group members. On March 1, Toyota became the first-ever Japanese company with a market capitalization above 60 trillion yen ($395 billion), roughly double the figure at the end of March 2023.
Tesla's EV chargers win over Toyota, but next test will be Asia

Oct 20, 2023 | asia.nikkei.com | Ryohei Shimizu |Azusa Kawakami |Takayuki Yao

NAGOYA, Japan/TOKYO -- Toyota Motor's adoption of Tesla's charging standard for electric vehicles cements the technology's lead in the North American market. But Asia will prove a different battleground. Toyota will incorporate the North American Charging Standard (NACS) for EVs sold in North America starting in 2025, the world's top-selling carmaker said on Thursday, marking a switch from the Combined Charging System (CCS) standard.
Toyota to triple EV output as it chases Tesla, BYD

Sep 22, 2023 | asia.nikkei.com | Kazuhiro Noguchi |Takayuki Yao

NAGOYA, Japan -- Toyota Motor plans to triple electric vehicle production in 2025 from its 2024 plan, Nikkei has learned, as the automaker steps up its electrification push to catch up to rivals including Tesla and BYD. The automaker notified major parts suppliers of its plans to boost production of Toyota and Lexus brand EVs to 600,000 units in 2025. The production target for 2024 is set at 190,000 units. Toyota sold 24,000 EVs in 2022.
Toyota gigacasting prototype cuts production from hours to minutes

Sep 18, 2023 | asia.nikkei.com | Takayuki Yao |Kazuhiro Noguchi

NAGOYA, Japan -- Toyota Motor showed off a prototype of its new gigacasting equipment that can make a third of a car body in about three minutes, a development that will be key to its plans to ramp up electric-vehicle production profitably in the coming years. The machine at the Japanese automaker's Myochi plant released a plume of white smoke as it ran during a recent demonstration for journalists.