Toyota Targets $1.7 Billion Business Supplying Next-Gen Hybrid Engines to Partner Automakers

Toyota is preparing to turn its next-generation combustion and hybrid engines into a major supply business, projecting $1.7 billion in annual revenue by 2032. The company plans to sell upcoming 1.5-liter and 2.0-liter powertrains to allied automakers, including Mazda, Subaru, Suzuki, and Daihatsu. The shared-powertrain strategy aims to amortize development costs and maintain hybrid vehicle scale as global efficiency standards tighten.