Toyota(US:TM) Prnewswireยท2024-06-21 11:00Core Points - Toyota Motor North America recognized exceptional performance among its North American parts and components suppliers with a total of 69 awards for 2023 [1][2][3] - The awards are categorized into "Superior" and "Excellent" classifications, focusing on various key areas such as technology, supplier diversity, quality, and value improvement [2][3] - The recognition program emphasizes Toyota's commitment to fostering strong relationships with suppliers based on quality, innovation, and sustainability [4] Supplier Awards - Superior Awards were given to suppliers like Enova Premier, LLC and Aisin Drivetrain, Inc. for their contributions to the launch of new models [2] - Excellent Awards were presented to suppliers such as ABC Technologies and Flex-N-Gate for their quality performance [2] - The awards reflect a comprehensive evaluation based on specific Key Performance Indicators (KPIs) aligned with Toyota's performance objectives [3] Supplier Evaluation - Suppliers are evaluated annually, and the number of awards varies based on an internal scoring system [3] - Direct suppliers are recognized for individual contributions, while indirect suppliers are commended for achievements in cost improvement and technology [2][3] Company Overview - Toyota has been part of the U.S. cultural fabric for over 65 years, employing more than 49,000 people and contributing to the design and assembly of over 34 million vehicles [8] - The company is committed to advancing sustainable mobility and plans to manufacture automotive batteries at its 10th plant in North Carolina by 2025 [8] - Toyota offers 29 electrified vehicle options, leading the market in electrified vehicles [8]