Toyota Motor Corporation
TYO: 7203
Toyota Motor Corporation is a Japanese multinational automotive manufacturer headquartered in Toyota City, Aichi, Japan. It was founded by Kiichiro Toyoda and incorporated on August 28, 1937. Toyota is one of the largest automobile manufacturers in the world, producing about 10 million vehicles per year. The company was the world's first automobile manufacturer to produce more than 10 million vehicles per year, which it has done since 2012. Toyota is known for its production system, management philosophy, and the Prius hybrid electric vehicle.
Company Details
- Founded
- 1937
- Industry
- Automotive
- Employees
- 370,870 (2023)
Key Products/Services
- Corolla
- Camry
- RAV4
- Prius
- Lexus
Recent Developments
Toyota has been accelerating its electric vehicle strategy, announcing plans to invest $35 billion in battery electric vehicles through 2030. The company aims to sell 3.5 million electric vehicles annually by 2030 and to offer 30 EV models across its Toyota and Lexus brands.