Currently they are at top 2 after Volkswagen and very far ahead of number 3.
Toyota has made a strategic move to demonstrate its commitment to remaining at the forefront of automotive innovation: it announced that it will invest $3.4 billion in U.S. car battery development and production until 2030. Together with intentions for a new business and battery production, the large investment demonstrates Toyota's commitment to meeting consumer expectations for greener mobility. Concentrating on hybrid car batteries is in line with Toyota's goal of at least 30% cost reduction, which will increase the accessibility of electric automobiles. This action fits with larger industry trends, such as the Biden administration's aggressive aim of zero-emission vehicles and major automakers committing to significant EV sales by 2030, and places Toyota as a prominent player in the global movement toward electric vehicles. This forward-thinking strategy demonstrates the company's dedication to spearheading the shift to sustainable mobility and negotiating the ever-changing automotive marketplace.
Predicting the ranking of car manufacturers by revenue in 2030 is highly speculative and dependent on various factors, including market trends, technological advancements, and economic conditions. Toyota has always been a significant participant in the auto business, but how it responds to shifting consumer demands, such as the move toward electric and driverless cars, will determine where it ends up in the market. Although it's difficult to forecast with certainty, Toyota's established reputation and its willingness to adopt new technology could have an impact on its status in the sector. Toyota is focusing more on electric vehicles (EVs) and battery manufacture, with ambitions to grow EV output to 600,000 vehicles by 2025 (InsideEV). At its Kentucky plant, the company will also debut its first US-assembled BEV, an all-electric SUV
Toyota is focusing more on electric vehicles (EVs) and battery manufacture, with ambitions to grow EV output to 600,000 vehicles by 2025 (InsideEV). At its Kentucky plant, the company will also debut its first US-assembled BEV, an all-electric SUV. In addition, the business is investing $2.1 billion in its battery plant in North Carolina, bringing its total expenditure to $5.6 billion(Bloomberg). Toyota's new CEO, Koji Sato, has stated that the firm is committed to electrification and evolving into a mobility company.
Also, the company’s being working on solid-state partnering with Panasonic to create batteries which are going to be longer lasting and lighter than conventional lithium-ion batteries. The bipolar batteries, their all-new EV framework chassis which is going to be used for Lexus and Toyota models in total of around 16 new models. They are working on a manual transmission for EV’s which is going to refresh the market demand (Youtube).
The only concern about they not being big anymore is the slow and safe process they follow to bring in the technology because they are too focused on reliability and longevity of the product.
There is a concern of new entrants like HiFi(china), Tesla, Lucid etc on disrupting the sector.
But in my opinion Toyota is not going to get off easily and maybe during the implementation but by the end of the decade they might going to be in top 3 again(Web).