Toyota vs Hyundai

About

Toyota Motor Corporation was founded in 1937 in Toyota City, Japan, with a mission rooted in the principle of contributing to society through the manufacture of automobiles. The company developed the Toyota Production System (TPS) — the lean manufacturing methodology that became the global standard for operational efficiency, minimizing waste while maximizing quality through continuous improvement (kaizen) and just-in-time production. Toyota's core technology has expanded from combustion engine mastery to hybrid powertrains, hydrogen fuel cells, and battery electric vehicles, built on decades of powertrain R&D investment and deep supplier relationships.\n\nToyota's product portfolio spans mass-market passenger vehicles, trucks, SUVs, luxury vehicles under the Lexus brand, and commercial vehicles across more than 170 markets. The company is the inventor of the mass-market hybrid vehicle with the Prius (1997) and now offers hybrid variants across nearly its entire lineup, with electrified vehicles accounting for 43.1% of global sales in 2024. Toyota's global scale enables localized production in major markets including the United States, where it sold 2.33 million vehicles in 2024, a 3.7% increase year-over-year, through a dealer network that includes Toyota and Lexus franchises.\n\nToyota sold 10.1 million vehicles globally in 2024, retaining its position as the world's largest automaker for the fifth consecutive year. The company is executing a multi-pathway electrification strategy — investing in BEV, hybrid, plug-in hybrid, and hydrogen fuel cell technologies simultaneously — rather than committing exclusively to battery electric vehicles, a differentiated stance it argues better fits the diverse infrastructure realities of its global markets. Its combination of manufacturing scale, brand trust, and technology breadth makes Toyota the most resilient of the global automakers.