According to Nikkei News, Toyota Motor has planned to sell about one-fifth of its shares in Japanese telecom operator KDDI in exchange for nearly 250 billion yen.
▲ Picture source from Pixabay
According to reports, Toyota is a major shareholder of KDDI and has invested in Japan Mobile Communications (IDO), one of KDDI’s predecessors. Toyota’s decision to sell shares this time is to sell shares in policy holdings with low asset efficiency to fund the electrification transformation of vehicles such as electric vehicles. This is also the first time Toyota has sold KDDI’s shares.
It was previously reported that Toyota Motor released the production and sales report for the first half of 2023 today. The global sales of the group including Daihatsu Industry and Hino Motors were 5,419,841 vehicles, a year-on-year increase of 5.5%; global production was 5,627,437 vehicles, a year-on-year increase of 10.3%, a record high.
However, Toyota’s sales in the Chinese market in June fell for the first time in three months, falling 12.8% year-on-year to 174,548 vehicles. Sales in China fell 2.8% from January to June.
In addition, Toyota sold 10,191 pure electric vehicles (including the Lexus brand) globally in June, of which about 5,000 were sold in the Chinese market. Toyota’s total sales of pure electric vehicles in the first half of 2023 will reach 46,171.
