Key facts
- Toyota aims for a global vehicle production of 10.5 million units in 2027.
- This production target would mark the first time exceeding 10 million vehicles since 2023.
- The company anticipates increased demand for hybrid vehicles will drive this growth.
- Toyota also plans to manufacture next-generation hybrid batteries in the coming years.
Toyota Motor plans to produce 10.5 million vehicles worldwide in 2027, a target that would bring its output over 10 million units for the first time since 2023. The company is anticipating growing demand for its hybrid vehicles to fuel this increase. In addition to production goals, Toyota also intends to manufacture next-generation hybrid batteries in the coming years. The RAV4 compact sport utility vehicle is noted as one of the automaker's popular models.