Toyota is set to announce increased earnings driven by strong demand for hybrids, contrasting with slowing interest in electric vehicles. Despite challenges in key markets like China and the U.S., Toyota’s hybrid sales surge has propelled it to record profits.
While the company lags in the electric car market, it aims to catch up with new models and partnerships, such as with Chinese tech giant Tencent. Despite slight sales dips in China, Toyota’s U.S. sales have risen significantly. Overall, Toyota’s stock has soared, outpacing rivals like Tesla in percentage gains.
