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#Toyota

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Business & Finance

Toyota and Joby Form eVTOL Manufacturing Joint Venture to Mass-Produce Flying Cars

Toyota and America's Joby Aviation are setting up a California joint venture to mass-produce eVTOL air taxis, with Toyota holding 51% and Joby 49%. Now that the flying is largely solved, the race hinges on whether anyone can build these aircraft cheaply and at scale. Here is why Toyota's production system is the bet, how China pulled ahead, and why Europe's pure-play startups collapsed.

Business & Finance

TSMC's Kumamoto Fab Books First Profit: Japan's $20 Billion Chip Gamble Starts to Pay Off

TSMC's Japanese subsidiary JASM posted a quarterly profit of NT$951 million (about $30 million / ¥4.78 billion) in Q1 2026 — the first time the Kumamoto fab has been in the black since mass production began in December 2024. We unpack what the 14-month turnaround means against the backdrop of Japan's ¥1.23 trillion in subsidies, the Sony-Denso-Toyota partnership, TSMC's Arizona and Dresden expansions, and Rapidus's high-stakes 2nm bet.

Business & Finance

Honda Posts First Net Loss Ever: $2.7B Hit, $10B EV Write-Off, and a 15-Hybrid Comeback Plan vs Tesla and BYD

Honda reported a ¥423.9 billion ($2.7B) net loss for FY2026 — its first since listing in 1957 — alongside ¥1.58 trillion ($10B) in EV-related write-offs. The carmaker unveiled a turnaround plan the same day: 15 new hybrids by 2029, ¥1.4 trillion ($8.9B) operating profit target by FY2029, and a sharp comparison emerges with Toyota's multi-pathway bet, Tesla's pure-EV scale, BYD's slowdown, and Hyundai's quiet rise.

Tech & Science

Japan's Hydrogen Arterial Plan: METI's $95B Bet on a Hydrogen Society by 2040, Backed by Toyota's 2029 Mass Production

An in-depth look at Japan's Hydrogen Arterial Plan (Suiso Daidomyaku Koso), unveiled by METI in April 2026. Six priority regions connected by arterial highways will receive concentrated investment of 15 trillion yen by 2040, with Toyota and Chiyoda starting mass production of electrolyzers in 2029. How Japan's strategy compares with the US IRA and the EU Hydrogen Bank.

Tech & Science

Toyota and Airbus Bet on Superconducting Motors: The 'Ultimate Motor' Powering Hydrogen Aircraft and Cars

Toshiba Energy Systems, Airbus, and Toyota are racing to commercialize superconducting motors that promise 10x the power density of conventional motors. Dubbed the 'ultimate motor,' the technology enables hydrogen aircraft and hydrogen-engine cars while leveraging Japan's decades of niche superconductor expertise. As eVTOL startups falter, why is Japan's aviation motor technology suddenly central to the global decarbonization race?

Business & Finance

Denso Withdraws $8.2B Rohm Bid: Three-Way Alliance Wins Japan's Power Semiconductor Battle, Toyota Group Resets Chip Strategy

On April 25, 2026, Denso announced plans to withdraw its $8.2 billion acquisition proposal for Rohm. Rohm chose the three-way alliance with Toshiba and Mitsubishi Electric, while Denso pivots to actively explore partnerships with third parties. We analyze the conclusion of Japan's 50-day power semiconductor reshuffle and what's next for Toyota Group's chip in-house strategy.