Toyota stock climbs to the new China electric vehicle unit guidance
Toyota (TM) shares are behind Eutbeat Guidance and plans for the Japanese giant to establish a wholly-owned EV division in China are climbing.
Toyota Motor Corporation, the world's largest automaker, reported revenue of 123.91 trillion yen ($80.95 billion) in the third quarter, up 2.9% despite lower vehicle sales. Net profit was 219.3 trillion yen (US$14.21 billion), an increase of 62% over the same period last year, and net profit compiled by Bloomberg was about 1.175 trillion yen.
Due to “enhanced revenue capacity” and “product competitiveness,” Toyota said it has now seen profits for the full year of fiscal 2025 of ¥4.7 trillion (US$31 billion) and its previous outlook was ¥43 trillion (US$43 trillion) . Bloomberg's streets are expected to reach 4.8 trillion yen.
The early trade of Toyota ADR sharing deals in New York climbed 2%.
Toyota did not mention in its speech the impact of the Trump administration’s possible tariffs on its outcome. Although Toyota makes many vehicles in the United States, it does make it a mid-sized pickup truck in the Tacoma, Mexico.
Toyota, the world's largest automaker, reported total sales of retail cars at 292,000, down about 1.5% from the same period last year.
Toyota's plans for China include the establishment of a wholly owned company to develop and produce Lexus electric vehicles and batteries in Shanghai. Production is expected to begin in 2027 with an annual output of 100,000 ev.
“Local Chinese members will lead the planning and development of BEVs that match the unique needs of Chinese customers,” Toyota CFO Miyazaki said in a statement. China is the world's largest electric vehicle market, with sales reaching 40% in 2024 alone.
Toyota's upcoming Lexus electric vehicle factory is just China's second comprehensive car factory – the other is Tesla's Jiga Shanghai. Toyota's other business in China is a joint venture with local automakers.
As electric cars stick, Toyota says it has opened a $14 billion U.S. battery factory in North Carolina. Toyota battery manufacturing North Carolina (TBMNC) is the company's first in-house battery plant outside Japan, and it will produce batteries for hybrid and all-electric vehicles it sells in the United States. The plant will eventually employ 5,000 new workers and ship the first battery packs in April.
Toyota plans to isolate it from plans to position electric vehicles in China and the U.S., freeing companies from trade-related restrictions such as tariffs and reducing production costs. The problem is that, at least in the U.S., electric vehicles will be required to continue to grow, such as incentives such as risky tax credits.
Pras Subramanian is a reporter for Yahoo Finance. You can follow him twitter Then continue Instagram.