Toyota Motor (NYSE: TM) reported a 5.1% increase in sales for the first half of 2023, with 4.9 million units sold. June saw a notable 10% global sales increase, driven by demand for hybrids, particularly in the US and Europe. Sales of hybrid electric vehicles grew 37.6% YoY, reaching 292,131 units, while battery electric vehicles reached 10,191 units in June, with China accounting for about 5,000. Exciting and electrified products are expected later this year, including the all-new Grand Highlander, Toyota Tacoma, and a new Lexus nameplate, the TX.
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