Toyota Motor's business in China, as a global veteran car company, can be traced back to the export of the first Crown Crown sedan to China in 1964. Today, Toyota has established 28 major wholly-owned and joint ventures in China, and in 2019, sales in China reached 1.62 million vehicles, the best performance in Toyota's history in China. On January 18, Toyota Motor Tokyo stock exceeded 2,452 yen in early trading, and its market value exceeded 40 trillion yen for the first time.
Toyota
Among Japanese companies, NTT's market capitalization exceeded 40 trillion yen in 1987. Toyota's stock price hit a new high since its listing for five consecutive trading days, and the strategy of increasing electric vehicle sales has been well received by investors, but the problem of declining production caused by semiconductor shortages has also caused market concerns. In addition, Toyota predicts that it will produce 3.5 million vehicles a year by 2030 and will invest 4 trillion yen in 2021. According to QUICK FactSet data, as of last Friday, Toyota ranked 27th in the global total stock market capitalization list.
It is worth mentioning that the global sales of Toyota's models equipped with hybrid systems have exceeded 19 million, and in China, they have reached 1.5 million. In 2015, Toyota took the lead in localization of hybrid powertrains, and toyota HEV sales in China went from 1 million to 1.5 million in just 15 months.
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