Toyota is Japan’s largest automaker by vehicle production and owns the Lexus brand.
Toyota Motor Corporation makes passenger cars, trucks, buses, and related mobility products. Its major brands include Toyota, Lexus, and the commercial-vehicle marque Hino, while the company has manufacturing and sales operations across the world.
Toyota is strongly associated with the Toyota Production System, a manufacturing approach emphasizing efficiency, continuous improvement, and reduced waste. The Prius, introduced in Japan in 1997, helped make hybrid vehicles globally recognizable.
Toyota is sometimes compared with Tesla in market-cap discussions, but the companies have different histories and business models. Toyota has produced vehicles at enormous scale for decades, while Tesla’s valuation has often been driven more by expectations for future electric-vehicle and software growth.