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    7203   JP3633400001

TOYOTA MOTOR CORPORATION

(7203)
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Toyota Charges into Electrified Future in the U.S. with 10-year, $3.4 billion Investment

10/18/2021 | 06:00am EST

Toyota announced that it will invest approximately $3.4 billion (JPY 380 billion) in automotive batteries in the United States through 2030. Specifically, the investment is for developing and localizing automotive battery production, including those for battery electric vehicles, and is part of the global total of approx. $13.5 billion (1.5 trillion yen) set aside for investment in battery development and production announced last month by Toyota Motor Corporation. To drive battery production localization, Toyota Motor North America also announced that it will establish a new company and build an automotive battery plant together with Toyota Tsusho in the U.S. Aiming to start production in 2025, the project includes an investment of approximately $1.29 billion until 2031, which includes funds that will be used to develop land and build facilities, resulting in the creation of 1,750 new American jobs. Part of the new company's activities will include helping Toyota to further develop and expand its local supply chain and production knowledge related to Lithium-ion automotive batteries. The venture will first focus on producing batteries for hybrid electric vehicles. Additionally, the move is expected to help further the company's goals to create a net positive impact on the planet and society, including advancing its efforts towards carbon neutrality in a sustainable and practical way. Further details of the project, including details on a site, production capacity, business structure, etc. will be shared at a future time.


ę S&P Capital IQ 2021
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Analyst Recommendations on TOYOTA MOTOR CORPORATION
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Financials
Sales 2022 31 164 B 274 B 274 B
Net income 2022 2 747 B 24 158 M 24 158 M
Net Debt 2022 18 313 B 161 B 161 B
P/E ratio 2022 10,6x
Yield 2022 2,79%
Capitalization 28 586 B 252 B 251 B
EV / Sales 2022 1,50x
EV / Sales 2023 1,36x
Nbr of Employees 366 283
Free-Float 69,9%
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Toyota Motor Corporation Technical Analysis Chart | 7203 | JP3633400001 | MarketScreener
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Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 2 066,00 JPY
Average target price 2 368,50 JPY
Spread / Average Target 14,6%
EPS Revisions
Managers and Directors
Akio Toyoda Executive President, CEO & Representative Director
Kenta Kon CFO, Director & Chief Officer-Accounting Group
Takeshi Uchiyamada Chairman
Keiji Yamamoto Chief Information, Security & Software Officer
Seiji Sakai Manager-Information Systems & IT Management
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