Toyota Group

PEVE to change name to TOYOTA BATTERY Co., Ltd. and produce batteries for a wide range of electric vehicles

Retrieved on: 
Wednesday, March 27, 2024

Toyota City, Japan, Mar 27, 2024 - (JCN Newswire) - As announced by Toyota Motor Corporation (Toyota Motor) on March 5, 2024, Primearth EV Energy Co., Ltd. (PEVE) will become a wholly-owned subsidiary of Toyota Motor.

Key Points: 
  • Toyota City, Japan, Mar 27, 2024 - (JCN Newswire) - As announced by Toyota Motor Corporation (Toyota Motor) on March 5, 2024, Primearth EV Energy Co., Ltd. (PEVE) will become a wholly-owned subsidiary of Toyota Motor.
  • Capitalizing on the technology fostered through our hybrid vehicle battery business to date, we plan to contribute to Toyota Motor's multi-pathway strategy in the battery business and intend to change our company name to TOYOTA BATTERY Co., Ltd. from October 1, 2024*.
  • 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.

NaaS Technology Inc. Reports Unaudited 2023 Fourth Quarter and Full Year Financial Results

Retrieved on: 
Thursday, March 28, 2024

2023 Fourth Quarter Financial Results:

Key Points: 
  • 2023 Fourth Quarter Financial Results:
    Total revenues reached RMB64.4 million (US$9.1 million) for the fourth quarter of 2023, representing an increase of 119% year over year.
  • Total cost of revenues increased 114% from RMB22.3 million for the fourth quarter of 2022 to RMB47.7 million (US$6.7 million) for the fourth quarter of 2023.
  • Total operating expenses increased from RMB128.8 million for the fourth quarter of 2022 to RMB415.5 million (US$58.5 million) for the fourth quarter of 2023.
  • Net margin decreased from negative 431% for the fourth quarter of 2022 to negative 770% for the fourth quarter of 2023 and non-IFRS net margin decreased from negative 380% for the fourth quarter of 2022 to negative 494% for the fourth quarter of 2023.

17 Toyota Group Companies Share Vision and Attitudes for the Future

Retrieved on: 
Tuesday, January 30, 2024

Toyota City, Japan, Jan 30, 2024 - (JCN Newswire) - Today, Toyota Motor Corporation Chairman of the Board of Directors (Chairman) Akio Toyoda addressed an audience of chairmen, presidents, and frontline leaders from 17 Toyota Group companies(1) (the Toyota Group) at the Toyota Commemorative Museum of Industry and Technology(2), reflecting on the company's founding principles and outlining his vision for the Group's future direction, "Inventing our path forward, together."

Key Points: 
  • Toyota City, Japan, Jan 30, 2024 - (JCN Newswire) - Today, Toyota Motor Corporation Chairman of the Board of Directors (Chairman) Akio Toyoda addressed an audience of chairmen, presidents, and frontline leaders from 17 Toyota Group companies(1) (the Toyota Group) at the Toyota Commemorative Museum of Industry and Technology(2), reflecting on the company's founding principles and outlining his vision for the Group's future direction, "Inventing our path forward, together."
  • Chairman Toyoda also set forth five attitudes to be embraced by the Toyota Group employees.
  • To achieve this goal, the Toyota Group has formulated a shared vision driven by Chairman Toyoda's strong commitment to ensuring that all Group employees move toward the future with a common perspective and values.
  • The starting point of the Toyota Group is to make ever-better things that make many people happy; in other words, to invent.

Ossia and Toyoda Gosei Debut Cota® Forever Magnetic Phone Charger, a 2024 CES Innovation Awards Winner, at the Consumer Electronics Show in Las Vegas

Retrieved on: 
Tuesday, January 9, 2024

REDMOND, Wash., Jan. 9, 2024 /PRNewswire/ -- Ossia Inc. today announced the launch of its Cota Forever Magnetic Phone Charger to enable wireless charging of mobile Qi2 and MagSafe devices, such as the iPhone or Samsung Galaxy. The charger is powered by Ossia's FCC-approved Cota® Real Wireless Power™ - the patented technology that delivers power at a distance, and without the need for line-of-sight.

Key Points: 
  • The Cota Forever Magnetic Phone Charger, built by a Toyota Group subsidiary, Toyoda Gosei , a global product manufacturer and an Ossia licensing partner, is a lightweight, rectangular device the size of half-a-deck of cards.
  • The Cota Forever Magnetic Phone Charger has been named a CES 2024 Innovation Awards winner, the seventh time a Cota-powered Ossia innovation has received that honor in the yearly competition.
  • "Ossia and Toyoda Gosei have been close partners in developing the Cota Technology for the past three years.
  • Ossia provides Cota Real Wireless Power and Toyoda Gosei brings extensive product and manufacturing expertise," says Doug Stovall, CEO at Ossia.

Boosting Growth Investment to Power Mobility Company Transformation Toyota-DENSO Capital Ties Revised

Retrieved on: 
Thursday, November 30, 2023

This is part of its transformation into a mobility company, stimulating mutual improvement through greater collaboration with highly specialized group companies.

Key Points: 
  • This is part of its transformation into a mobility company, stimulating mutual improvement through greater collaboration with highly specialized group companies.
  • By effectively leveraging funds obtained through the sale, Toyota can boost capital efficiency and achieve further growth for the Group, while maintaining the capital ties that have sustained a strong relationship.
  • Toyota plans to use the generated capital to make growth investments focused on electrification, intelligence, and diversification initiatives.
  • The Group will continue working as one to drive Toyota's transformation into a mobility company.

Toyota and Woven by Toyota to Strengthen Ties Toward Accelerating Software Implementation

Retrieved on: 
Wednesday, September 27, 2023

Toyota City, Japan, Sept 27, 2023 - (JCN Newswire) - Toyota Motor Corporation (Toyota) and Woven by Toyota, Inc. (Woven by Toyota) announced today that, to accelerate the implementation of software in social systems and vehicles, they intend to strengthen their relationship by making Woven by Toyota a wholly owned Toyota subsidiary.

Key Points: 
  • Toyota City, Japan, Sept 27, 2023 - (JCN Newswire) - Toyota Motor Corporation (Toyota) and Woven by Toyota, Inc. (Woven by Toyota) announced today that, to accelerate the implementation of software in social systems and vehicles, they intend to strengthen their relationship by making Woven by Toyota a wholly owned Toyota subsidiary.
  • Upon entering a period of transition from software development to software implementation, Toyota and Woven by Toyota have been restructuring the Toyota Group, including Denso Corporation (Denso), as described below:
    In April of this year, Woven Planet Holdings, Inc. changed its name to Woven by Toyota, Inc. and underwent a corporate reorganization.
  • As such, Woven by Toyota was reorganized, and it was decided that software development by Woven by Toyota would take the form of being outsourced from Toyota.
  • Following the change to a system in which all software development at Woven by Toyota is outsourced to Toyota, Toyota will hold all common shares of Woven by Toyota, making Woven by Toyota a wholly owned subsidiary.

Woven by Toyota Announces Changes to its Board of Directors

Retrieved on: 
Thursday, September 7, 2023

Toyota City, Japan, Sept 7, 2023 - (JCN Newswire) - Woven by Toyota, Inc. ("Woven by Toyota"), a mobility technology subsidiary of Toyota Motor Corporation ("TMC"), decided on a new executive structure at its shareholders' meeting.

Key Points: 
  • Toyota City, Japan, Sept 7, 2023 - (JCN Newswire) - Woven by Toyota, Inc. ("Woven by Toyota"), a mobility technology subsidiary of Toyota Motor Corporation ("TMC"), decided on a new executive structure at its shareholders' meeting.
  • Toyota's software platform, Arene and a test course for mobility, Toyota Woven City, will evolve from a preliminary development phase to an execution phase.
  • These changes will ensure efficient decision making closer to the genba and delivery of Woven by Toyota's technology towards mass production.
  • Woven by Toyota will strengthen cooperation with Toyota and Toyota Group to lead the evolution of advanced intelligent software that contributes to the transformation of Toyota into a mobility company.

TMC Announces Changes to Organizational Structure, Executive Structure, and Senior Professional/Senior Management Employees

Retrieved on: 
Thursday, September 7, 2023

Toyota City, Japan, Sept 7, 2023 - (JCN Newswire) - Toyota Motor Corporation (TMC) announced today that it intends to implement changes to its organizational structure, executive structure, and senior professional/senior management employees as described below effective October 1, 2023.

Key Points: 
  • Toyota City, Japan, Sept 7, 2023 - (JCN Newswire) - Toyota Motor Corporation (TMC) announced today that it intends to implement changes to its organizational structure, executive structure, and senior professional/senior management employees as described below effective October 1, 2023.
  • - Aiming to realize a mobility society, TMC is moving to the software implementation phase to build a social system platform.
  • Accordingly, it intends to revise the software development structure of the Toyota Group.
  • To this end, TMC is transforming itself into a mobility company based on the Toyota Mobility Concept.

Twenty Teams Competing in the "Mobility for All" Category of TMF's Idea Contest Will Conduct Verification Testing at Mobility Resort Motegi on September 2-3

Retrieved on: 
Friday, August 25, 2023

The testing will be conducted in the "Mobility for ALL--Bringing the Potential of Mobility to Everyone" category of TMF's Make a Move Project, an idea contest aiming to realize the practical implementation of ideas and solutions in society.

Key Points: 
  • The testing will be conducted in the "Mobility for ALL--Bringing the Potential of Mobility to Everyone" category of TMF's Make a Move Project, an idea contest aiming to realize the practical implementation of ideas and solutions in society.
  • In May, these teams were awarded grants (up to 20 million yen per project) to facilitate activities for verification testing.
  • A total of 20 teams, these 12 teams plus 8 finalists from FY2022, will conduct verification testing at Mobility Resort Motegi on September 2-3.
  • We will also work to engage a wider audience through activities such as soliciting support messages for each team's trial.

Toyota: Tateshina Meeting Held as a Platform to Promote Discussion and Expand Collaboration Toward Realizing Zero Traffic Accident Casualties

Retrieved on: 
Tuesday, July 18, 2023

The meeting aimed to promote discussion and expand collaboration among the participants, with the goal of achieving zero traffic accident casualties.

Key Points: 
  • The meeting aimed to promote discussion and expand collaboration among the participants, with the goal of achieving zero traffic accident casualties.
  • Due to the COVID-19 pandemic, this was the first time the meeting was held in four years since the inaugural meeting in 2019.
  • The meeting started with a keynote speech looking back on past traffic safety initiatives, such as the development of safety technologies, legislation, and infrastructure.
  • The Tateshina Meeting was first held in 2019 as a platform for sharing aspirations and promoting collaboration toward realizing zero traffic accident casualties.