Toyota Motor Corporation American Depositary Shares (Each representing ten Ordinary Shares) - TM STOCK NEWS

Toyota Motor North America is teaming up with the U.S. Department of Energy's National Renewable Energy Laboratory (NREL) to develop a 1-MW proton exchange membrane (PEM) fuel cell power system in Arvada, Colorado. This $6.5 million project will take three years and aims to enhance stationary power generation. The system will integrate multiple fuel cell modules and is designed to provide efficient power solutions. Additionally, research will explore integration with renewable energy systems.

Toyota's Collaborative Safety Research Center (CSRC) has announced the addition of four new research projects aimed at enhancing automotive safety. This initiative is part of a five-year, $30 million commitment focused on understanding human driving behavior and implementing technologies to prevent impaired driving. The projects will be conducted in collaboration with several esteemed universities, including the University of Virginia and the University of Michigan Medical School. CSRC has invested $85 million in safety research since its inception, with 98 projects completed and over 260 published papers.

Toyota has committed $750,000 to support recovery efforts following catastrophic flooding in Eastern Kentucky. This donation includes $500,000 for the Flood Relief Fund and $250,000 to SBP for aiding families and navigating federal funding. Additionally, Toyota Financial Services will offer payment relief options to affected customers, including lease extensions and deferred payments. Matching contributions will also be available for donations made by employees and dealer partners.

Toyota has unveiled the all-new 2023 Crown, reimagining the full-size sedan with bold styling and performance. Available in XLE, Limited, and Platinum grades, the Crown features standard electronic on-demand AWD and offers a choice between Toyota's HYBRID MAX and fourth-generation Hybrid systems. The HYBRID MAX, exclusive to the Platinum grade, combines a 2.4L turbo engine for 340 HP with a fuel economy of 28 MPG. The interior boasts premium comfort with a spacious layout, advanced multimedia system, and Toyota Safety Sense 3.0. The Crown symbolizes Toyota's innovative legacy, dating back to 1955.

May Mobility announced the closing of a $111 million Series C funding round, bringing total funding to $194 million. The funding aims to enhance technology and expand operations, focusing on driver-out autonomous vehicle (AV) deployments, particularly with the Toyota Sienna Autono-MaaS platform. Collaborations with partners like Toyota and State Farm Ventures underline support for AV technology. The company is also developing the Toyota e-Palette platform to further transform mobility. The investment reflects confidence in reducing road accidents through AVs.

Toyota Motor North America reported a decline in U.S. vehicle sales for June 2022, totaling 170,155 units, down 17.9% from June 2021. For the first half of 2022, sales reached 1,045,697, marking a decrease of 19.1%. Notably, electrified vehicle sales comprised 23.5% of monthly sales, with 39,965 units sold in June, and 25.5% year-to-date, totaling 266,413 units. Despite sales challenges, Toyota launched several new models and expects to introduce more electrified options later this year. The company continues to focus on customer satisfaction amid ongoing inventory issues.

Toyota has announced the establishment of its new battery manufacturing plant in North Carolina, marking a $1.29 billion investment. The facility will produce lithium-ion batteries, enabling the production of batteries for 200,000 vehicles annually starting in 2025. The plant will employ 1,750 workers and is set for future expansion to produce batteries for up to 1.2 million vehicles yearly. Key leadership includes Sean Suggs as president. This initiative aligns with Toyota's commitment to sustainable mobility and enhancing its electric vehicle production.

Toyota Motor North America is collaborating with Redwood Materials to create a sustainable, closed-loop battery ecosystem aimed at reducing its environmental footprint. The partnership focuses on end-of-life battery solutions, including collection, testing, remanufacturing, and recycling. With plans to ramp up production of battery materials to meet growing electric vehicle demand, Toyota is investing $1.29 billion in a new battery plant in North Carolina, aiming to produce battery packs for 1.2 million electrified vehicles annually. This initiative aligns with Toyota’s goal of achieving carbon neutrality by 2050.

Toyota is addressing the critical water scarcity challenge in the U.S., where only 3% of the world's water is fresh and accessible. Agriculture consumes 70% of available fresh water, emphasizing the need for conservation. The company is leading efforts in water efficiency, particularly in manufacturing, aiming to become carbon neutral by 2035. A program titled "WATER: We Have Too Much, But Not Enough" will premiere on June 17, showcasing innovative water management solutions in its manufacturing processes, narrated by Adrian Grenier. The program aims to explore the intersection of climate change and water access.